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Originally Posted by Clip-Clop
We are talking about countries no larger than Texas in most cases
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True. Easy for Vermont to go single payer, California just voted it down.
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I have no problems with my insurance companies, they do an excellent job. I paid about $900 out of pocket for a shoulder surgery I had last year and was happy to do so. Total tab was around $22K after all was said and done.
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I loved my insurance company, too, for years and years: until they decided, six months after they agreed to pay, not to pay for a major surgery, leaving me on the hook for nearly $50,000.
Luckily, I could afford to pay that, and afford to sue the insurance company. Where, hopefully, arbitration looks like I"ll get a refund check this year, years later.
That's how people declare medical bankruptcy. Or if they can't afford their out of pockets for their problem. What if you or I had a major auto accident, and we ended up with $20,000 as our "out of pocket"? 40% of Americans now live at or near poverty level. Few can afford to pay that back, even over time.