Quote:
Originally Posted by Minte
Insurance companies aren't dumb, they know the statistics, and those are that the large majority of workers will never need serious medical attention. In the last 10 years on the job our numbers support that. I can think offhand of 2, a heart attack and a kidney issue. Out of hundreds of people.
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Agreed. However, that will depend on the age of your work force.
I am 40 now, and I have only been in the hospital for anything a couple of times in all of these years. The reason for being there could have been easily enough avoiding by myself making better life choices at the time. That said, those ER visits cost me around $5000.00 which at the time I just paid out of pocket. I had an out patience procedure and that was in the same ballpark. If you can save and have some money, then it's a hardship, but not catastrophic by any means.
As I get older, you have a risk of having something happen where you are hospitalized for a week or more depending on the condition. You run the risk of having to take pills for some illness or issue even.
I can tell you that my allergy medicine savings alone pay for my healthcare coverage for the month. While I do not argue that their prices are off the hook. Without insurance, it would cost me a hell of a lot more that coverage alone.