I'd buy that for a dollar.
Of course - the current insurance system is a scam. Lets say you go to the doctor, complaining of wrist pain. insurance leaves you with a $10 co-pay, the doctor then sends you to get a half-dozen X-Rays at $1500 a pop, then determines its a sprain, and prescribes for you some heavy-duty anti-inflammatory, where your insurance Co-Pay has you dish out 5 bucks for the meds.
So, you spend $15 out of pocket, and the insurance is billed give or take 12 thousand bucks for your boo-boo. Which, of course means everyone's insurance is going to go up to cover, plus extra to make a profit for the insurance company. At 15 or 20 dollars out of pocket, its easy to go to the doctor for anything and everything that ails you.
Whereas if it weren't for the insurance, Joe Consumer would have taken some over the counter Advil, and put his wrist on ice, spending less than 15 bucks, and saving that 12K. Joe Consumer would have also left that appointment slot open for someone who actually needs it. If lots of people stop going to the doctor's office for little things, the office price will come down to attract new patients.
If Joe actually felt that there may be more to it than a sprain, he would spend a couple hundred on the appointment, then go to Miskie's House of X-rays and MRIs to get one or two images taken for $199 each, instead of going to the hospital and paying full price. once Joe learns its a sprain, he then gets the ice bag and the Advil instead of the prescription painkiller. So, Joe spends about 600 bucks, which in many cases is less than what one pays per month on insurance when one considers their contribution and what their job contributes on their behalf.
If it turns out his wrist was actually broken, then the catastrophic coverage kicks in, and he pays nada.
