Reply #54: They are self-insured [View All]

[jeanpalmer]

So they pay on their own. I know twenty to 30 younger people who do this. Insurance makes no sense to them. It's an overpriced product that doesn't give them true value, it will be overpriced under the plan, and they don't need it.

They're not making any excuses for not buying insurance. They don't need to. They pay for health care out of pocket, like they do for groceries. Do they need an insurance company to pay for their groceries? No and they don't need an insurance company to pay for their healthcare -- for even higher priced procedures, they've made the cedision to pay out of pocket. In almost all instances, they come out ahead by not buying insurance.

These bills are trying to bring them into the system, not because they need health insurance, but because they're needed to subsidize other people. And so for that purpose, they're going to get deprived a a large sum of their income where before they were paying almost nothing.

These people are not gaming the system. They're looking at an overpriced underperforming insurance product that makes no sense for them to buy. The gaming is about to be done by the mandates that bring young healthy people into the system and overcharge them for insurance, using the overcharge to pay for other's healthcare. There's no onther reason for bringing them into the system mandatorily except to gouge them.