[JimJohnson]

Originally Posted by retiredguy123

That is why I suggested that the Government should provide "catastrophic" coverage for everyone. Once an individual, insurance policy, or a Government subsidy (for poor people) has paid out a set amount (maybe $5,000 per year), then all other costs are paid in full by the Federal Government. This would cover everyone and significantly reduce the cost of private insurance policies. Insurance companies would only be liable for up to the Nationally established catastrophic limit. If you could fund the catastrophic limit out-of-pocket, you wouldn't even need health insurance.