AB831
Well-Known Member
So you'll never get cancer or need a surgery? I knew your were a know-it-all, but I didn't think you were a god.
Next Year’s Medical Plan
- Thread starter MassWineGuy
- Start date
One of the drivers behind the creation of the ACA was that 86% of all American bankruptcies was due to medical bills.
AB831
Well-Known Member
Don’t waste your logic on a fool like Dano.
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59 Dano
I just want to make friends!
Where did you get THAT out of a statement that universal care was expensive and inefficient??
59 Dano
I just want to make friends!
I don't think he should waste his "logic" on anyone until he has some.
American Journal of Public Health study says 66.5%.
I remember you telling us a couple of years ago about the healthcare facility that you sought treatment from cutting you some big slack thanks to the people who bought into group insurance plans. If not for those people's forward thinking and the facility handing you what was really a nice charity gift you might you might have found yourself joining that bankrupt group.
Fred's Myth
Nonhyphenated American
You've really got that backwards. The hospitals are able to give up to 70% discount for full payment because that's where a normal markup puts it. The other 70% is to cover the cost of dealing with the insurance industry.
No, I had insurance. They did tell me that self pay is significantly less. That was their policy but it didn't apply to me. But what's concerning is in your zeal to win an argument you inflate the numbers. 66.5% is certainly problematic, but that's from people generally who don't have means to pay i.e. insurance.
AB831
Well-Known Member
Just going by what you said about being taxed for benefits you'll NEVER need. Don't waste your time responding, because i won't read it.
if as you say you had insurance but self pay was a less expensive option then you must have had the mother of all deductibles and copays.
Now the reasons for personal bankruptcies are not public information but estimates as to the percentage of bankruptcies attributable to medical costs run from 66.5% to as high as 86% but again it's just an estimate. What is known publicly however is that the number of personal bankruptcies fell by 50% between 2010 and 2017 with the ACA credited for as a major contributing factor for that reduction.
And that's the reason why support for a gradual transition to a single payer system is beginning to gain momentum . And someday it will become a reality. Perhaps not in our lifetime but it will come. And just like the ACA once people learn how the system works public support will grow.
Wasn't comparing self pay with my insurance. Lady assumed I was a self pay because I didn't have insurance info when I went to ER. Obviously insurance was much less.
MassWineGuy
Well-Known Member
Totally bankrupt? Probably not a great many. But a major health episode can definitely cripple you financially for many years.
59 Dano
I just want to make friends!
"Please don't point out that I suck at logic."
Cactus
Just telling it like it is
Fred's Myth
Nonhyphenated American
7 to 10 years before a bankruptcy drops off your credit history, based on whether you file Chapter 13 or Chapter 7.
MassWineGuy
Well-Known Member
Not what I was referring to. If you make some arrangement to pay off a huge hospital bill it could take years.
floridays
Well-Known Member
Then if you ever apply for a loan and they ask you the dreaded question
Have you ever filed for bankruptcy?
