Here’s the problem. The premiums are so expensive and the deductibles are so high that many folks are contemplating going without insurance. Why not put what you would have paid in premiums into a bank account, and pay cash when you need healthcare? The cash price is often much lower than the what folks with insurance are charged.
I was hoping the video below discussed in depth why health insurance is not needed, but it doesn’t. I admit I didn’t watch the whole thing; it’s mostly another horror story involving United Healthcare insurance. The doctor starting at 54:45 minutes does mention that health insurance isn’t needed but then only refers briefly to what sounds like universal healthcare with a free market component.
The next video is by an orthopedic surgeon who doesn’t have traditional health insurance but does have a major medical “health share” arrangement with a company called Sedera. HealthShare plans are not the same as state-regulated insurance. Roughly, they are like a group of people who get together and pay a periodic fee into a joint account, and that account pays medical expenses if one of them gets sick. (Sounds like insurance, doesn’t it?)
—–Steve Parker, M.D.
