Is health insurance worth it?
I am of the opinion that health insurance isn't worth it. I posted a comment with an interesting discussion that followed here. The one guy describes how much he saved for medical by putting the money aside directly rather then paying an insurance company.
Well, it seems medical illness contributes to 62% of bankrupcies, and 3/4 of them had health insurance.
The numbers the guy in the comments describe are right in the range of what the research found, he said he's have had to pay $18k with insurance and ended up paying $31k. The study found $17k and $27k for insured vs not insured.
Seriously, with the premiums people describe to me, isn't that $10k difference a mere 2 years of premiums?
And there doesn't seem to be much to protect your job or your health insurance policy if you do get sick.
It just seems to me that with middle men there is less to be made/saved on either side and health insurance is a greedy middle man.
Yet so many have been sold on the idea that health insurance is necessary.