Your proposal seems to cover less than catastrophic expenses, and not catastrophic.
I’d rather pay into a cumulative health care savings account and cover my own expenses less than 20K/year, with a catastrophic policy. To succeed at that I would need to be able to get the same preferred pricing that insurance companies negotiate.
It’s my guess that at least a quarter of medical costs come from insurance and government paper work, and the zero-sum maneuvering with charge books and DRG billing - squeeze out more money! keep payments down!, and the ever-more complicated bills that ensue.
“To succeed at that I would need to be able to get the same preferred pricing that insurance companies negotiate.”
That’s is primarily a state controlled matter.
States don’t want to do anything to help you.
Governments, state and federal, want you to overpay for health insurance so you pick partially up the tab for others.
Governments realize that the power of taxation isn’t infinite.
Governments now also try to make you pay for others whenever you buy, such as health care coverage for large employer employees, “affordable” housing in the same housing development, health insurance, etc.
I’m an engineer by education. I know how badly working Americans are getting fleeced.
“cover my own expenses less than 20K/year”
Most people hate to pay a medical bill.
People will pay $500/year for cell phone service but will scream bloody murder if they had to pay $10 under Medicaid to see a doctor to get a $4 life-saving prescription.