The final bill (delivered to his widow, but paid by MediCal) was over $700k. Would your self-insurance cover that?
Yes, and have money left over. I would check why the bill was so high though. $700k in two weeks is crazy – even with surgeries etc.[/quote]
Good for you for saving >$700k, but it’s not useful for public policy. Maybe 1% of the country could practically save $250k to self-insure a family, and it would take them a decade to get there. And once they got there, would they even notice the cost of a high-deductible policy?
I have no doubt the bill was inflated. MediCal probably paid less, and you could have probably cut it in half by paying cash.
[quote=ucodegen]
Or, if not… it’s worth noting that Cully was conscious much of the time; they just couldn’t fix his liver.
This statement makes me very suspicious of your example. The liver is the one organ on the body that is capable of healing itself. [/quote]
I only know what I heard from the widow at the time. I do know the liver was (at the least one of the) thing they couldn’t fix.
Regarding your original question, after roughly 8 years of engineering employment, I’ve spent about $8000 on copays, premiums, and such. If it had been making 5% interest, it would now be worth a little over $10k. With a baby on the way, I’ll take the insurance, thanks.
