Consider your body an automobile with legs, a pedestrian transportation unit. Your legs are your wheels, food is your gasoline, your skeleton is your chassis, your eyes are your headlights. Basically, your body is a high-tech machine.
Every machine requires maintenance. People expect to pay something to keep automobiles and other high-tech machines in running order. Drivers pay for gasoline, for tires, for oil changes. It’s just a fact of life. Why muck things up by getting insurance involved? Surely it’s quicker – and cheaper – to leave insurance out of the equation.
So it should be with
Insurance would be for things beyond your control, say accidents or serious infections. Or perhaps you’d like to purchase a “parts and labor” warranty, in case something goes wrong with the engine (heart) or you need a new transmission (hip replacement).
This model is similar to a high-deductible insurance plan, the kind many self-employed individuals purchase. Under a specified amount, the patient pays all medical expenses. Above the pre-set limit, insurance pays. There are high-deductible plans beginning at the $1,000 deductible level, with higher levels also available at even lower premiums. A $5,000 deductible is a cost-effective choice for many self-employed workers.
These plans are much less expensive than traditional insurance. The difference in premiums can be tucked away in a
Doesn’t this make sense? For the first $1,000 to $5,000 (whichever plan you choose) you’re spending your own money, which gives you a strong incentive to economize. Better to ration your own care than depend on someone else to do so. If you come down with pneumonia or need your gallbladder out, your insurance kicks in.
Naturally, you want to remain healthy and stay out of the hospital. That’s strong incentive to take care of yourself. Plus, you maintain the highest degree of freedom yet still have a safety net in case of emergency.
The incentive to limit one’s own expenses is what’s missing from government-sponsored
Source by Cynthia Koelker