Posted on 03/21/2017 6:18:12 PM PDT by dila813
How bout simple insurance?
What is insurance? Insurance is protection against random events that exceed your ability to absorb the impact based on your current position, financial or otherwise.
Insurance isn't health care. Insurance isn't a maintenance plan or payment plan.
So why not have two types of insurance. 1. Insurance of a percentage of impact up to a certain maximum benefit. 2. Insurance of a maximum impact.
Both Insurances could be purchased on the open market like life insurance.
1. Would work that after a low deductible would kick in a increasing scale coverage based on the total expense of a treatment for an illness. 2. Would kick in once a maximum has been reached on an illness or related illnesses.
1. Example: After 400 dollars the insurance would start covering 10% and increase by 1% for each 100 dollars up to the 100% till you reach your maximum. After that you would cover anything in excess of this out of pocket or with insurance type 2 if it kicks in at this point. 2. Would kick in once you have exhausted insurance type 1 and paid the difference between insurance level 1 maximum and your out of pocket maximum. Of course insurance level 1 coverage counts towards your out of pocket maximum for insurance level 2.
The poor's earned income tax credit can only be deposited into HSAs that can be used to pay for insurance. (Illegal Immigrant Tax Fraud Solved)
Health Insurance Expenses only count for physical ailments related to your health that have been deemed as medical necessity. Doctor's must sign an affidavit to this effect that is subject to insurance fraud laws.
So no plastic surgery, at will abortions, or medical marijuana prescriptions for PTSD.
I’m pretty sure if my homeowner’s insurance guy offered me $1 per $100 for fire damage, I’d fire him, or have a bigger fire.
But math isn’t my best subject, so, if I break my leg and my hospital bill is $74K for a 2 day stay plus surgery, what’s my share of cost under this plan? 10K + $400? Or, if I get a biopsy and my bill is $9,750, do I pay $9750 - $97.50 plus $400 plus 10% ?
NO NO==Im taloking about MY RATES!! I am not sick. I don’t want to pay for their sickness!! In car insurance, you don’t have a wreck and then go buy insurance. These folks need a high risk pool that THEY PAY FOR— NOT ME!!
It increases 1% per $100 Dollars in the example.
So if you have $400 that you have out of pocket, by the time you reach $1400 you wouldn’t pay an additional dime out of pocket till you reached your maximum your coverage. That could be $2,000-$2,000,000,000 depending on your policy.
This is only an example.
That would automatically happen in a free market.
That is what happens, Insurance Companies put you into risk tiers which dictate your price.
Think how much healthier people would be when they know it will impact their rates?
Because Ted Kennedy decided to bless us with them.
The Kennedy clan has done a great deal of harm to America. May they be rewarded according to their works.
“After 400 dollars the insurance would start covering 10% and increase by 1% for each 100 dollars up to the 100% till you reach your maximum.”
10% of what? Anything that the doctor charges you for?
There is a reason insurance companies employ claims adjusters.
I think you are getting into the weeds on this.
Each plan can set up their terms. Market rates, Prenegotiated rates, or a provider network.
Leave it up to the market to decide. You don’t necessarily need claims adjusters.
“You don’t necessarily need claims adjusters.”
Someone has to decide whether your claim is covered by the policy.
The Doctor
If the person who is going to receive the money is the person who decides whether the claim gets paid then you won’t get any insurance company willing to write such a policy.
He is only having to say that it is a medical necessity, that’s all that is needed.
If he lies, he goes to prison.
If the health insurance company wants to pay for a second opinion at any point, they can. Then the doctor goes to prison when they take it to court.
Do you think the insurance company is better qualified to determine that it is a medical necessity than the doctor?
Insurance, itself, is the problem. Couple it with Govt interference and you get nonsense. Ask your Dr for a 1/4 hour rate. Cash. He won’t know.
The system needs gutted - gutted - not reformed.
It is very scary, we are facing an onslaught
This is never addressed.
Why? Because the Government/Hospital/Insurance racket is very profitable.
Agree!
Like communism? — Very sure thing. I don’t do communism. I do free market. If it is a good deal— I BUY it — if it is not— I am OUT!
???
“Mundane health care should not cost so much as to require insurance.”
Excellent point. I was referred to a specialist at a large hospital for a condition I have. I thought, okay, I’ll just go meet this guy and see if I like him. After spending hours filling out paperwork, I finally met the doctor and talked with him for less than 10 minutes. A few weeks later I received a couple of bills totaling about $350. WTF??? I didn’t go back there.
I need a “no-frills” $5000. (or more) deductible HSA type policy that doesn’t pay for anything under $5K. Any “insurance sales” type Freepers know if they are still available without the Obamacare mandates (”free” annuals, “free” mammograms, “free” birth control, “free” pregnancy coverage, etc., etc.)? Thanks in advance.
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