Avoid Health Insurance and negotiate it away in exchange for more cash from your employer. By paying for medical services in cash, you can expect a 30% – 40% discount from physicians and hospitals. If you live near the US – Mexican border you can meet all of your medical and dental needs for a fraction of what it would cost you in the US, even with a 40% discount, and the quality of care is just as good if not better.
Keep in mind that “Medical Mistakes,” including deadly reactions to prescription drugs are the number two, three or four leading cause of death in the US, depending on which statistics you use. So how will mandating third party payment improve your outcomes?
You’re generally better off without Health Insurance. If this was not the case, it would not be such a profitable business model. Do the Math:
$1200/month – typical cost of Health insurance for a “family” that includes both employer and employee contributions (as of ten years ago, the last time I had third party health care). $259,000.00 is what you will spend for this insurance over 18 years. If your family consumes 90% of that amount for health care over the course of 18 years, you’re buying insurance you don’t even need.
But wait! We aren’t done with your costs – Deductibles and co-pays! You’re paying $14,400 a year for the privilege of paying most of your medical costs anyway, and at the highest price! Care providers charge more for insurance covered services because of all the administration involved in submitting claims and getting paid. And they may have to wait six months to get paid by Health Insurers.
“But what about catastrophic situations?” The fact is that even with the best health care insurance available, a catastrophic illness or accident will bankrupt you, they simply do not cover all the costs. 60% of all bankruptcies in the US are caused by medical expenses.
So why are so many people clamoring for health care? Because they’ve been trained to believe that they need it, even though in most cases they don’t. And let’s not forget the Insurance Lobby that never misses an opportunity to make their product mandatory by law. Guess who actually wrote the Obamacare legislation…
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