Quote Originally Posted by kydonky View Post
If it were only that simple no one would buy health insurance. Would you be able to pay for a quadruple bypass out of pocket?

To accumulate enough cash to cover medical cost for a lifetime you would have to save from the time you are born and hope you do not have any expenses for the first 50 years.

I don't think you understand the basic pricipals of insurance.

The principle is to spread the risk. The larger the risk is spread the lower the cost per person.

Everyone uses health care but only 40% or so purchase health coverage.
Sometimes I think I'm the ONLY person that understands the principle of health insurance. Of course we would need insurance to pay for a quadruple bypass, but we should get rid of insurance for our daily meds, routine check-ups, etc.

As I've said before, if I had all the money my employers had paid in premiums for me since I entered the workforce, I could have maintained catastrophic health insurance, paid for my daily health issues out-of-pocket, and would likely have a large reserve of cash set aside for future.

I guess people really think the answer to this problem is doing more of the same things we've been doing for years, but we have to make a fundamental change - i.e. get rid of health insurance other than catastrophic - if we want to see improvement.