Comment Re:cancer? (Score 1) 240
Insurance is ugly. Whether homeowners or health/medical, they always seem to try hard to stiff you 75%.
Indeed. The first week of my freshman year in college I had an emergency appendectomy. I was in the hospital seven days. The ENTIRE bill, doctor, operation and room&board was $750.50. I still had three weeks eligibility on my BCBS insurance from where I worked. BCBS paid every penny.
Today, that same operation, doctor and hospital would have costs that range across the US from $9,884 to $18,585 and with some going to $40K, $50K and one costing $180K, and the insurance would probably pay only 80% or so, depending on your deductible and/or your maximum out of pocket, which is $10K for most medicare supplement plans.
IF anything, medicare and health insurance in general, has morphed into being a direct pipeline into the tax payer's wallet, without a corresponding benefit. When one is paying 5% of their income for medicare premiums only for the privileged of paying more if you require medical treatment, I'd rather pay that to taxes and eliminate the insurance middlemen who are sucking the blood out of the system.
Before Halderman walked into Tricky Dick's office and told him about the HMO medical plan, it was common for everyone to be in the same insurance pool, much like the life insurance pools that used to use an amortization table. The total costs for health treatment for the previous year were divided by the total number of policy owners and 8 -10% was added for business costs and profit. That was EVERYONE'S premium, regardless of age or health condition. And it was fair.
Let's outlaw health insurance companies and make the entire US population the "health table". Divide the total national health costs, including vision, hearing and dental, by the total population and that quotient is everyone's annual health insurance premium, paid to the US gov as part of one's taxes. Let the people vote on which special services, like gender reassignment, cosmetic surgery, etc., should be funded. Instead of paying hundreds of billions to corporations and their millionaire CEO's, lets put that money to work returning people back to health.