Ucodegen mentioned he is “basically” self-insured. Although I don’t know the details, I would guess he does not mean that literally.
Wrong, literally/actually/for real… in liquid assets. I hope this is now clear..
Did anyone try the ‘little exercise’ I mentioned? Take and sum up all the payments you have made into ‘health insurance’ and apply an inside rate of return?.. or would you rather take pot-shots at people.[/quote]
A good friend’s brother in law was hit by a hit & run driver four years ago. He died about two weeks later, after an organ transplant and several other last ditch efforts failed. The final bill (delivered to his widow, but paid by MediCal) was over $700k. Would your self-insurance cover that?
Or, if not… it’s worth noting that Cully was conscious much of the time; they just couldn’t fix his liver. Let’s put you in his place. Would you have asked them to let you die when when the bill exceeded your savings balance?
