I cancelled health insurance the day Obmaacare became the law, on 1/1/2014. My wife and I are now 66. We’ve saved over $100,000 in after tax dollars. It’s life changing.
We did have one hospital visit, but the price was below what the deductible would have been. i.e. insurance would not have covered it anyway.
Now we are eligible for Medicare, but the Lord is faithful. We trust the great Physician.
There are some Freepers that want to take Medicare away, even though the recipients paid for it through their pay checks, unlike those who are on medicaid.
I’ve thought about self-insuring. With what I pay in premiums and deductibles, I’d be at your figure in a few years.
It would work great if only one could negotiate prices directly with doctors. I have one small ailment that requires an X-Ray every 6 months. I told the billing manager of my doctors’ group that I want to simply pay cash for the simple service. They looked at me like I was nuts. I went all the way through their accounting and also to their billing company (which explains why health care is so expensive) and found no one who could understand a straight-up cash payment. We’ve trained nearly everyone in the health-care operations now to simply accept the twisted, corrupt Soviet-style system we have now.
I saw my premiums go from $300/month to $3,000 per month.
Thanks United Healthcare and the Democrat party.
Dumped them quickly and went cash only. My GP works with me.
Fortunately the wife and I are healthy and in our late 50’s.