So you paid $12K/year for a plan with maternity because you had an addition to family. I assume you were worried that the hospital was going to charge 10s of thousands of dollars to have that child even if it was a standard delivery. Why does it cost 20, 30, 40, 50K for a relatively standard baby delivery procedure. 50 years ago it cost a couple hundred dollars that pretty much anybody could come up with out of pocket. Even with inflation it might cost a couple thousand dollars in today’s money. Why do you need to pay $12K year to cover something that should cost a couple grand. We know that is doesn’t because the hospital is probably billing north of $20K.
But I will agree that for some individuals Obamacare is going to be good. For others it’s going to not be so good. Your particular circumstances landed you on the good side of Obamacare. There will be others on the bad side of Obamacare. Some single male somewhere is helping you pay for your affordable maternity coverage.[/quote]
Actually, the bills could run upwards of 100k+. A co-worker of mine was planning a normal vaginal birth with no meds, but had complications and had to do an emergency c-section and his bill was well over 100k. Our eldest was a primie and bill with all the stuff involved was near 300k…Thank god for large employer insurance during that event years ago.
We only carry maternity now “in case”.
That said, if it was only 20k, I may risk it and just pay, but you don’t want to fight the hospitals and people end up in bankruptcy because of medical bills. 62% from this article: http://finance.yahoo.com/news/pf_article_109143.html
This is why I think something needs to be done and since putting people bk doesn’t help anyone…
Even young kids won’t want to get strapped with huge medical bills early on so just buy the insurance.
