Millions should cancel their medical insurance and pay out of pocket!

Look at this way. If millions of those still insured would simply stop paying the ruthless medical insurance industry it would get their attention.

IMPROVED Medicare Single Payer Insurance would also get their attention. Have no fear the business world would definitely see a great advantage in allowing OUR tax dollars to cover our insurance costs 24/7. Always would be there no matter what.

In that case, you will have single payer, but no doctors.

You make no sense.

Of course there will be doctors and plenty of them. Doctors make plenty of money so of course there will be doctors. They will accept insurance money always. Single Payer Medicare will be much more simple thus practical.

Not if there is a single payer system! Doctors will get what the government decides to give them.

If doctors made so much money they wouldn't be going broke.

Small Business: Doctors going broke - Jan. 5, 2012

http://northeast-nc.injuryboard.com...-due-to-financial-strain.aspx?googleid=297446

The article points to a few different explanations for why private practitioners are going out of business, but the main issue that is that doctors don’t get paid primarily by their patients anymore. Instead, third-party payers, especially Medicare, reimburse health services. The result of this is that the doctors don’t get to set their own prices for what they do. Rather, insurers and health regulators pay what they deem fair or sufficient. Often, and not surprisingly, the prices set by Medicare and private insurance companies fail to even cover the cost a doctor incurs to provide a service, leaving the cost of equipment, affiliated personnel time and medications completely uncovered. Those costs -- including holding an inventory of expensive drugs, purchasing expensive medical equipment, maintaining a staff -- can be enormous.
 
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I have always paid for my medical out of pocket. Then I got a medical credit card. You would be surprised at what you pay when it's cash.

Absolutely.

Investing in conventional medical insurance is kind of a scam. People spend so much money likely more than one would ever spend in one year.

Paying out of pocket allows for wayyyyy more choices across the board.

Right! Health insurance is a bet that you will give the insurance company more money to pay your medical bills than you would have voluntarily spent if you paid them directly yourself. It's a bet they make sure they always win.
 
I have always paid for my medical out of pocket. Then I got a medical credit card. You would be surprised at what you pay when it's cash.

Absolutely.

Investing in conventional medical insurance is kind of a scam. People spend so much money likely more than one would ever spend in one year.

Paying out of pocket allows for wayyyyy more choices across the board.

Right! Health insurance is a bet that you will give the insurance company more money to pay your medical bills than you would have voluntarily spent if you paid them directly yourself. It's a bet they make sure they always win.

Absolutely....

Not only that the insurance industry pays out ONLY 40% of invoice typically.
 
Health insurance exists to protect against catastrophic medical problems, in my opinion. It is expensive to get insured to the level of paying $10 for an office visit. However, if you have a major medical issue, you will be glad you did.
 
I pay my doctor a flat $50.00 for my annual exam. If I had insurance, the bill would be $800.00 that's how much insurance companies are overcharged.

If doctors made so much money they wouldn't be going broke. [...]

The result of this is that the doctors don’t get to set their own prices for what they do. Rather, insurers and health regulators pay what they deem fair or sufficient. Often, and not surprisingly, the prices set by Medicare and private insurance companies fail to even cover the cost a doctor incurs to provide a service, leaving the cost of equipment, affiliated personnel time and medications completely uncovered.

It's hard to believe these two posts were written by the same person.
 
I have always paid for my medical out of pocket. Then I got a medical credit card. You would be surprised at what you pay when it's cash.

Absolutely.

Investing in conventional medical insurance is kind of a scam. People spend so much money likely more than one would ever spend in one year.

Paying out of pocket allows for wayyyyy more choices across the board.
Such a big scam that every American is going to be forced to buy into it.

But I guess as long as the corporate fascism comes with that (D) attached to it, it's all good, huh?
 
I have always paid for my medical out of pocket. Then I got a medical credit card. You would be surprised at what you pay when it's cash.

Absolutely.

Investing in conventional medical insurance is kind of a scam. People spend so much money likely more than one would ever spend in one year.

Paying out of pocket allows for wayyyyy more choices across the board.
Such a big scam that every American is going to be forced to buy into it.

But I guess as long as the corporate fascism comes with that (D) attached to it, it's all good, huh?

Government knows what is best for you, you ungrateful bastard.

*Sarcasm off*
 
If one has plenty of money waivers will be granted. Some waivers have already been issued.

I'll wager the part that suggests all are required to purchase does not fly.

The insurance industry would love it. After all they helped write Obamacare so why are some of you not pissed of at the medical insurance industry?
 
Great advise for 20 year olds.

If you're 60 or above, and you made an average salary, or even a better than average salary?

When you get really ill, you'll discover that the cost of your treatments will be a high percentage of, or even surpass the total amount of money you've made in your lifetime.

According to an article from the National Business Group on Health, the average total [editor's note: lifetime] cost of a severe heart attack -– including direct and indirect costs -– is about $1 million. Direct [lifetime] costs include charges for hospitals, doctors and prescription drugs, while indirect costs include lost productivity and time away from work. The average [lifetime] cost of a less-severe heart attack is about $760,000. Amortized over 20 years, that’s $50,000 per year for a severe heart attack and $38,000 per year for a less-severe heart attack.

So the GOP's proposals for allowing Savings acounts for health care?

Yeah, riiiiiiiiiiiight, that'll work!

For maybe 1% of us that will work.

The rest of us?

Well they wouldn't mind one bit if we died.

They're kinda hoping we will, actually.
 
Most are under-insured = candidate for bankruptcy.

Most coverage WILL NOT stick with consumers when the going gets tough = fraud.

What could be done with that high profit insurance middle man money that which DOES NOT provide health care? Do you go to the insurance office for treatment? NO

*First off set aside each month what medical insurance premiums cost in a money making account.

*Applying $5000 - $12,000 a year in a money making account will begin to make money.

*Some never use the money they pay out to insurance giants because of a $5000 deductible = it’s a scam.

*Invest with small local banks or credit unions. Sierra Club and Consumer Reports offer annuity plans.

*The $4,000 - $12,000 a year going to insurance will grow substantially in an annuity plan.

*Keep a savings account for doctor visits and prescriptions and let the annuity grow in case more serious situations come up.

*ALSO try to work out reduced charges with your medical care givers for paying cash up front = less administrative nonsense with the insurance industry.
 
*First off set aside each month what medical insurance premiums cost in a money making account.

that is of course is 100% opposed to liberal ideology. The government is supposed to be in charge and paying.

Your idea of private citizens saving and paying is radical Republican.

If people were spending their own money and shopping very carefully what would that do for prices?
 
*First off set aside each month what medical insurance premiums cost in a money making account.

that is of course is 100% opposed to liberal ideology. The government is supposed to be in charge and paying.

Your idea of private citizens saving and paying is radical Republican.

If people were spending their own money and shopping very carefully what would that do for prices?

This answer is nonsense....
 
*First off set aside each month what medical insurance premiums cost in a money making account.

that is of course is 100% opposed to liberal ideology. The government is supposed to be in charge and paying.

Your idea of private citizens saving and paying is radical Republican.

If people were spending their own money and shopping very carefully what would that do for prices?

This answer is nonsense....

what you have proposed unbeknownst to your wonderful little liberal mind are HSA's( Health Saving Accounts). Republicans have seen this as the solution for a decade or more while liberals are 100% opposed because they want corporatist fascist government controlled health care. i.e., Obama Care!! Sorry.

Once you accept that a liberal will always be wrong on this you will be in a position to advance your knowledge.
 
How much is the sick U.S. health care system costing you?
Paying More, Getting Less | Dollars & Sense

By Joel A. Harrison

Paying through the Taxman

The U.S. health insurance system is typically characterized as a largely private-sector system, so it may come as a surprise that more than 60% of the $2 trillion annual U.S. health care bill is paid through taxes, according to a 2002 analysis published in Health Affairs by Harvard Medical School associate professors Steffie Woolhandler and David Himmelstein.

Tax dollars pay for Medicare and Medicaid, for the Veterans Administration and the Indian Health Service. Tax dollars pay for health coverage for federal, state, and municipal government employees and their families, as well as for many employees of private companies working on government contracts.

Moreover, tax dollars also pay for critical elements of the health care system apart from direct care—Medicare funds much of the expensive equipment hospitals use, for instance, along with all medical residencies.

All told, then, tax dollars already pay for at least $1.2 trillion in annual U.S. health care expenses. Since federal, state, and local governments collected approximately $3.5 trillion in taxes of all kinds—income, sales, property, corporate—in 2006, that means that more than one third of the aggregate tax revenues collected in the United States that year went to pay for health care.

Recognizing these hidden costs that U.S. households pay for health care today makes it far easier to see how a universal single-payer system—with all of its obvious advantages—can cost most Americans less than the one we have today.

Medicare must exist in the fragmented world that is American health care—but no matter how creative the opponents of single-payer get, there is no way they can show convincingly how the administrative costs of a single-payer system could come close to the current level.
 
The U.S. health insurance system is typically characterized as a largely private-sector system, so it may come as a surprise that more than 60% of the $2 trillion annual U.S. health care bill is paid through taxes

yes its really amazing isn't it. We have a failed socialist health care system that the liberals were able to paint as capitalist in order to make it more socialist with Obamacare.

This is the exact approach the USSR and Red China used on their entire economies to cause 100 million to slowly starve to death.

Our liberals spied for Stalin, Obama had 2 communist parents and voted to the left of Bernie Sanders. That ought to be enough to scare any real Americans

The American people will never knowingly adopt Socialism. But under the name of 'liberalism' they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.


This was precisely the tactic of “infiltration” advocated by Lenin and Stalin.[3] As Communist International General Secretary Georgi Dimitroff told the Seventh World Congress of the Comintern in 1935:
"Comrades, you remember the ancient tale of the capture of Troy. Troy was inaccessible to the armies attacking her, thanks to her impregnable walls. And the attacking army, after suffering many sacrifices, was unable to achieve victory until, with the aid of the famous Trojan horse, it managed to penetrate to the very heart of the enemy’s camp."[4]

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Buckley endorsed Chambers’ analysis of modern liberalism as a watered-down version of Communist ideology. The New Deal, Chambers insists, is not liberal democratic but “revolutionary” in its nature and intentions, seeking “a basic change in the social and, above all, the power relationships within the nation.”
 
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*First off set aside each month what medical insurance premiums cost in a money making account.

that is of course is 100% opposed to liberal ideology. The government is supposed to be in charge and paying.

Your idea of private citizens saving and paying is radical Republican.

If people were spending their own money and shopping very carefully what would that do for prices?

The republican motivation is to support the corrupt banks and/or Wall Street. I have other safer sources in mind.

Not everyone can afford to pay their own way...

If people took time to discover how much they gave away to the medical insurance industry each year they might decide this is truly reckless spending.
 
On average you are absolutely correct; most people will pay more for medical insurance than they get back in care. That's how the insurance company stays in business. And saving for your own care after you have cancelled your medical insurance policy will save you a bundle, right up to the day your doctor tells you that you need a million-dollar operation to save your life, and you have only saved enough to pay for the aspirin they were going to give you after the surgery.:eek: Good financial planning strategy! You should cancel your life insurance, too; you probably won't die and leave your family destitute.:cuckoo:

What's up if a person is under insured and the insurance industry refuses to pay for this
million dollar operation?

You do understand that not all policies provide for serious health problems.

I understand that you pay an insurance company to transfer the risk of unforeseen medical costs to them. The premium you pay is based upon what risks you want them to assume. If you have selected a policy that doesn't cover "serious health problems", then your premium will reflect that and you assume those risks. If you had said that you favor high deductible plans that only cover significant costs and were going to save the difference to cover more routine treatments, I would have said that was a reasonable approach. Not having health insurance at all, if you can afford it, means one of two things: a.) You are willing to accept that, if you have an expensive illness, you are just going to live (or die) with it, or b.) You're expecting the rest of us to pay for it when it happens. Option a.) is your choice, and I'll respect that; option b.) makes you a parasite.


I consider CEO's, shareholders, golden parachutes and campaign contributions as the parasites.
 
If people took time to discover how much they gave away to the medical insurance industry each year they might decide this is truly reckless spending.

of course the liberals made competition illegal in the health care industry so of course there is waste.

Imagine someone who jogs for fun and someone who races in life and death competition? Who would be a faster runner? Now you understand competiton and how it makes us better. Not so hard was it?
 

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