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High deductible health insurance

Someone who read my last entry on "pay at time of service healthcare" indignantly said "that won't work, what if you get really sick and can't afford it!"

Well that's what insurance is really supposed to be about, to cover you for things you can't afford. People can afford routine medical care, so having insurance cover that is just plain inefficient.

Health insurance with a high deductible, such as $2000 or up, is the best way to insure people in case they need more than routine medical treatment. This was implicit in my argument in favor of pay at time of service healthcare.

posted Saturday, November 08, 2003