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charliehall.
For the first $5000 of expenses (will cover anything less than major surgery) being uninsured makes a profit for the guy. Note the person didn’t mention a preexisting condition – normal people don’t run up $5K of medical bills. Even a broken bone or a trip to the emergency room won’t result in being out enough to make insurance cost efficient.
A serious “surprise” will probably result in the person becoming unemployed (remember, if he/she is paid off the books, they have little job security and no sick pay, and probably not a great deal of prospects of staying employed – leading to medicaid eligibility.
Hospitals have to take people in an emergency – and if they argue about the money you can threaten to file chapter 7.
If the person is actually likely to need insurance, and has assets, and has a real job- then they need insurance. But then, they wouldn’t be asking.
How likely are you to have $5K of medical expenses (of the sort insurance pays) in a year? Remember that in case of a major disaster you would be unemployed and become medicaid eligible (and if you or a spouse might have a baby, there are special standards for medicaid maternity). Do you have substantial assets or are you “judgement proof” — meaning that if worse came to worst, you could file for bankruptcy if you had horrific medical bills.
If your typical medical costs are a few doctors outpatient visits, and some generic antibiotics you are will lost money by buying insurance at the rate of $5000/year.
Health insurance is a “bet” with the insurance company. You are betting you will be sick and injured and run up $5000 of medical bills, and they are betting you won’t (meaning they make a profit on the bet).
I got confused and thought “user name” was an account and haven’t figured out how to change it. Anyone checking on the user name will find me fast enough. I’m used to serious discussions where everyone uses a real name (and avoids insults and taunts).
He’s a typical Ivy League Democrat. No Hiddush. For those who survived the Clinton administration, things won’t be very different. Those who are too young to remember the last time the Democrats ran Washington, should read a book about it. Also note that liberal Democrats dominate New York City and New York State (which as you know, have expelled the entire Jewish population -) ). If you can survive the likes of Bloomberg and Spitzer and Koch and Patterson and Pataki, you can survive Obama. If you couldn’t survive them – you are probably dead already.