Quote:
Originally Posted by blueash
Had you gone with the 2000 deductible instead of the 7000 deductible it would put the insurance company at risk for 5000/yr. And to cover you for that 5K they are charging you an additional how much? Using 950 as your "close to 1000" it would be 950 - 368 or 582 more dollars per month times 12 months for a bill of 6984 dollars to cover 5000 in risk. Of course some years you might not have 7000 in charges so the real risk is even lower than 5000. I'd love to own a business where you pay me 6984 and then I might have to give you 5000 maximum if things go badly for you.
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What they covered after that $7000 was d*** little, and my pre-existing condition was at small risk of returning. So I think they made out like bandits. I have little sympathy for medical insurance companies. Why aren't they going after the hospitals who charge $6800 for a colonoscopy when other first-world countries charge $1500, instead of taking it out on their customers?
Our son tore his ACL in college in Maine, and because he wanted to have it fixed in MI so he could recuperate at home with us, the hospital here charged him $30,000 for the operation because he was "out of network" for his Maine insurance. If he hadn't injured himself in a school-sanctioned sport, he would have been liable. What kind of a rip-off is that?