- Dec 17, 2009
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Very cheap health insurance covers almost nothing. It is impossible for an insurance company to make a profit off a person who is paying $54 a month and who could easily run up a six figure hospital bill in a couple of weeks. Currently the average cost for a one (1) day hospital stay is around $1850. The bottom line is the cheap health insurance pollicies are not much better than no policy. The cheap policies have limits on what will be paid and exclusions on many major health problems. Several states have filed law suits against companies offering cheap health insurance.Very cheap health insurance invariably covers only serious illness or accident.
Check out the link below for an overview on cheap health insurance. The link is to Consumer Reports which is as non-partisan as one can get.
http://www.consumerreports.org/cro/magazine/2012/03/junk-health-insurance/index.htm
My last hospitalization was $62,000 for 7 days.