Replies to post #81221 on Biotech Values

[tinkershaw]

<<<Simply based on the extremely limited description of your plan, I'll bet you're in the highest 5% of wage earners in the US (>150K per year). Neither I, nor anyone I know, doubts that high income earners have access to great health care in the US.>>>

But I also get this freedom because of the $5,000 deductible. I pay less, and get more, because I use insurance like INSURANCE, which is to protect against a financial risk rather then as pre-paid medical care.

That is the gist of the problem. Insurance is insurance, not pre-paid medical care. You want to bring costs down, let people actually see their own costs. They can do this by having insurance become insurance again. And given the cost of premiums, people will not be anymore out of pocket with higher deductibles (given the premium savings) then they would be had they just pre-paid, but then overconsumed medical care without care of cost because they see is as "free" anyways because insurance pays it.

Tinker