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So wrong! On so many levels! Where to start? - sm

Posted: Jul 8th, 2018 - 10:29 pm In Reply to: Banks force HO insurance or car insurance. - Why not health?

Let's start with the ways Health Insurance differs from car insurance:
* What's your car worth right now? You can look it up online and get a number. What's your life worth? Not so easy.
-- Health insurers have the same problem. They don't know the approximate value of your life. They don't have any way to declare your life "totaled" and cut you a check.

* What's wrong with your car? You can go to any mechanic or the guy next door and get an opinion. It doesn't cost the insurance company anything to do that. Further tests and other maintenance don't cost the insurance company anything either.
-- What's wrong with your Health? Only a doctor can tell you that, by law. Need a test? Only a doctor prescribe that. How many tests do you need? Again, only a doctor. It's all covered by insurance.

What happens if the doctors and insurance companies decide to cut a deal and they just keep raising prices year after year? (Yes, this is already happening.) Insurance becomes too expensive.

Doctors make more money by ordering more tests and procedures. Raising the costs of these every year. The insurance companies make money by raising your rates, every year. It never ends, until people start dropping out. Then the costs balloon uncontrollably for everyone. Then doctors have to be competitive or they get nothing.

Years ago my grandma was dying. She was in her 90s. I saw all the tests that were being ordered on her. None would have improved her quality of life. But it was pretty obvious the Medicare payouts were improving the doctor's quality of life. I decided then and there that the only health care I would have is what I can pay for out of pocket. If something is out of my price range I'll either do without or die.

I'm sure everyone who wants me to pay their insurance bill is upset by that. Fine by me! If you don't like it, move to a country with socialized health care.


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