If Health Insurance Doesn't Actually Pay for Any Medical Costs...

Dec 16, 2015

  1. unique
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    unique New Member

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    and you have to pay out of pocket then why does it matter if the doctor accepts your insurance?

    Since health insurance doesn't actually pay for any services then why would i pay an insurance company $3,000 just to pay my own healthcare costs anyway? This makes no sense to me.

    I am curious how this is supposed to help me. how is it supposed to make healthcare easier and more affordable. My whole life i never went to the doctor because I could not afford it or always felt bad because i had to pay but never have i spent more than a thousand dollars a year on medical bills. Now I have insurance. Am forced to buy it and I'm still paying the same I paid before accept now i pay another 3-5 thousand to insurance companies for no reason.

    How many life altering events, shattering events would it take to justify paying for insurance. I figure i'd have to break 8 bones per year every year for the rest of my life. In the next 20 years I could have 5 twenty thousand dollar surgeries just to break even.

    Further note then. How can I produce and sell insurance on the healthcare exchange as an insurance provider?
     
    Last edited: Dec 16, 2015
    unique, Dec 16, 2015
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  2. somarco
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    somarco GA Medicare Expert

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    So many issues.

    Using your insurance card get's you pre-negotiated "wholesale" pricing. Also serves as a heads up that the care isn't medically necessary.

    Insurance, of any kind, is not for the small things. If you can't afford to go to the doc for routine items insurance isn't going to help. You need a savings account.

    If you have a mortgage your lender requires you to have HO insurance. But how many people drop HO coverage when they have no mortgage?

    Very few, if any.

    Your chance of a serious illness or accident over the course of your lifetime is considerably greater than a HO covered loss.

    If you don't see the value in health insurance, no one will convince you otherwise.
     
    somarco, Dec 16, 2015
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  3. unique
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    unique New Member

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    The bottom line is I can pay for 5 serious illness with the amount of money I'd have to pay an insurance company in the next 20 years. It's a rip off in an uncompetetive marketplace. You actually use the fact that even if it were a large expense the insurance probably still wont pay as one of your selling points. Thats the best thing you offer. That even if you were dying at least you wont have to go to the doctor. Denial of claims is the best product you offer. No wonder you needed a law to sell this stuff.
     
    unique, Dec 16, 2015
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  4. HealthGuy
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    HealthGuy Guru

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    This Unique guy is quite eloquent : QUOTE="unique;1061875"]The bottom line is I can pay for 5 serious illness with the amount of money I'd have to pay an insurance company in the next 20 years. It's a rip off in an uncompetetive marketplace. You actually use the fact that even if it were a large expense the insurance probably still wont pay as one of your selling points. Thats the best thing you offer. That even if you were dying at least you wont have to go to the doctor. Denial of claims is the best product you offer. No wonder you needed a law to sell this stuff.[/QUOTE]
     
  5. Josh
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    Josh Retired Agent, Current List Broker

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    Ignoring a list of other points, what happens when you have a kid that needs a $20,000 hospitalizes to get them on a treatment plan that's $12,000/ week in meds? Odds are kid doesn't get treatment. Even the top 5% of income earners don't have that kind of scratch.
     
    Josh, Dec 16, 2015
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  6. GreenSky
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    GreenSky Guru

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    That's true of all insurance. If you put away $5,000 a year for 20 years you avoid buying $100K of life insurance. Same with car insurance. Home insurance. Etc.

    Obama and the other libtards destroyed health insurance. There was a time when a 30 yr old could pay $100-150 a month and have a health plan that covered 100% of all costs over $3,000 per year. Now that same plan costs $500+ and doesn't start paying 100% until $6,000.

    BTW, nobody needed a law to sell this crap. The socialists needed a law to require the sheep to buy insurance.

    Don't blame agents or companies. Blame the a-holes who have created this.

    Rick
     
    GreenSky, Dec 16, 2015
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  7. somarco
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    somarco GA Medicare Expert

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    Rick, I will put you down as undecided on this issue.
     
    somarco, Dec 16, 2015
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  8. Jimbo45
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    Jimbo45 New Member

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    Couldn't have said it better myself
     
    Jimbo45, Dec 16, 2015
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  9. FLM2
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    FLM2 Guru

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    Tell that to my clients who reach their maximum out of pocket in the first week of the calendar year, chump.

    As for needing a law to 'sell the stuff' I've always worked with people who understand the value of health insurance just like auto and home. I haven't had a paid claim for either of those in many years but still need them.

    I hope you get through life without a major health issue, with your attitude it's the only thing keeping you from financial ruin.
     
    FLM2, Dec 16, 2015
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  10. jbage007
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    jbage007 Guru

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    Some people believe in the concept of carrying insurance as financial protection; others don't.

    You apparently fall into the latter category.

    Suggestion: Don't buy the stuff for crying out loud. The same government that "forces" you to buy also cleverly provides an opt out - just pay the fine.

    :1rolleyes:
     
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