I am not going to quote everybody I am just going to post this.
I am trying to get Health insurance since good health insurance like government employees have is impossible to afford for the average person we are at least trying to cover ourselves in the event of something like a $175K hit (which BTW would end up being a 60K cash hit which I would gladly pay out of the money I have put in savings NOT paying 12K a years in permiums.)
What rattled us was the events some good friends went through, she was diagnosed with breast cancer, double mastectomy, reconstructive surgery yada yada, close to $500K in medical bills.
So we shopped Blue Cross, then we went through a 10 week long inquisition where they dived into every little aspect of our past.
When a policy was finally presented to us we were instructed to sign the agreement and we had 10 days to do so or the offer was void.
There was a list of things we had to agree to not be covered for including my back injury (which never bothers me) my son has a touch of asthma and now a history of pneumonia we had to agree that respiratory issues would not be covered. There were a few other things related to my wife as well.
We paused, if we agree to not be covered for these things will it always be that way? What if I have back problems 15 years from now? What if my sons asthma gets worse? Obamacare is supposed to do away with this kind of crap where they will not cover preexisting conditions.
I would prefer to have at the very least catastrophe insurance. We are shopping again with other insurance companies for that, obviously Blue Cross is not a option. We are also waiting to see what is going to happen with the Obamacare deal, if that does go through then we should be able to get coverage without any exceptions.
Risky? Hell yes, If you have full coverage thank your employer, because it is most likely worth over $2000 a month if it has a low deductible and lots of bells and whistles.
We have toyed with my wife getting a government job or something similar so we can get cheap health insurance for our family. What we are being expected to pay for it is out of line.
Furthermore, my experiance with my son was an eye opener as to how broken this system is. A $15,000 bill to the insurance company turned into a $5000 bill when cash was offered. I find it remarkable that the insurance company is willing to pay triple prices, which is getting passed on to us when we try to buy insurance.
The problem is much bigger than 30% having insurance, it is the pricing the hospital will charge when there is insurance. Whic cuases coverage to be out of reach for many.
I can afford $2000 a month for insurance if I HAD to get it, I am VERY lucky in that department. That 60K I have saved int he last 5 years is indeed in my bank account and since another year has just about ticked off it is probably closer to 72K put away now.
Some people choose not to have health insurance so they can have smart phones, cable TV and fast internet, I refuse to be ripped off with over the top pricing covering nothing. When I can find a health insurance plan that is not out of line, I will have it.
In the meantime do not assume I will not pay my bills, that is not true.
EDIT
Timely article on Huffington, part of the reason I am hanging back a little and seeing what comes along. There was no way in hell I was signing something agreeing to not be covered for a preexisting condition when that could be illegal soon.
http://www.huffingtonpost.com/2013/...cid=maing-grid7|aim|dl1|sec1_lnk2&pLid=381279
Sadly, this paragraph is not encouraging. Sounds like more of the same for me
Prices for some people who already buy their own insurance will rise above today's level, however, largely because the health care reform law doesn't allow insurance companies to exclude people with pre-existing conditions, guarantees a minimum benefits package, doesn't allow women to be charged more than men, and limits how much more older people must pay. The current market favors healthier people, but is more challenging for older and sicker people, who often can't find coverage.