[Kaslin]

More in the link.

[Alberta's Child]

And speaking of raw insurance deals, the Las Vegas Review-Journal just reported that Larry Basich, a 62-year-old Vegas resident, has been stuck with the ginormous medical bill of $407,000 despite his signing up in the fall and monthly paying for an insurance plan through Obamacare's mandated state insurance exchange program.

This case really illustrates the heart (no pun intended) of the problem. The disaster of Obamacare is only a symptom of a much bigger issue, and that is the problem of "insurance" that covers medical procedures that are both very expensive and increasingly routine. An insurance company that pays $407,000 in medical bills has to collect that much money in premiums (actually more than that) just to break even. When you look at the medical bills of someone who is 62 years old today, it's reasonable to ask if that person has been paying enough premiums over the course of a lifetime to cover the cost of medical care moving forward. If not, then someone else has to pay the bill.

I don't know what the answer is, but I don't see any way out of this dilemma.

[bert]

——subsequent penalties looming ——

I don’t believe that is true....... Haven’t nearly all of the various subsets of coverage been delayed? Is there still Obamacare in reality other than the various associated taxes?

[bert]

——ginormous medical bill of $407,000-—

Once again, I am skeptical. The first thing that happens on coming to a provider, right before asking for your date of birth, is “may we see your insurance card?”

I do not believe this treatment was provided absent proof of coverage