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Comments about ‘Obamacare is an economic disaster that soon will start to unfold’

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Published: Wednesday, April 10 2013 12:00 a.m. MDT

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Spoc
Ogden, UT

One of the things we need to remember about insurance is that its purpose is to protect against risk. This is why we buy car insurance. Many people would have a difficult time paying for legal costs and repair costs in the event of an auto accident. So what your insurer is doing is assuming the risk of a possible accident in exchange for your premiums.

People do not buy oil change coverage with auto insurance because it is not a matter of chance whether they will have to change the oil. The insurance company would not be assuming any risk, simply writing checks on my behalf (plus profit); a pass through transaction. Under those conditions, I wouldn't shop to get a better price. I may even get it changed more often than necessary just because I know the extra cost will be paid for by everyone else with oil change coverage instead of me.

Buy major medical coverage and pay for the rest with your MSA. Then shop for doctors and pharmacies that give a discount to cash customers.

Badgerbadger
Murray, UT

@ Spoc

Discounts for cash customers are usually 10-15% IF you pay the day of services. The discounts insurance companies get are 50-60%, and they have months to pay and still get the discount. The system is stacked against the cash payer. Until that is corrected, medical will continue to price PEOPLE out of the market.

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