[beanmaestro]

[quote=ucodegen]

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.

[beanmaestro]

[quote=ucodegen]

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.

[beanmaestro]

[quote=ucodegen]

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?

[beanmaestro]

[quote=ucodegen]

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?

[beanmaestro]

[quote=ucodegen]

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?

[beanmaestro]

[quote=ucodegen]

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?

[beanmaestro]

[quote=ucodegen]

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?

[beanmaestro]

[quote=dbapig][quote=SK in CV]
Like you, I’m pleased that it passed. But this is far from historic legislation. It is filled with ideas supported and proposed by every Republican president since Nixon. That certainly doesn’t make it bad, it’s simply less than historic. It is not a progressive bill. When insurance doesn’t cover all of women’s parts, it cannot be progressive. Hopefully, as you say, it is a step in the right direction.[/quote]

So why did ALL of the GOP in congress oppose it?[/quote]

The GOP gambled that they could the Dems couldn’t pass a bill, rather than help pass better legislation. If they had been willing to compromise, they might have gotten more of what they wanted.

[beanmaestro]

[quote=dbapig][quote=SK in CV]
Like you, I’m pleased that it passed. But this is far from historic legislation. It is filled with ideas supported and proposed by every Republican president since Nixon. That certainly doesn’t make it bad, it’s simply less than historic. It is not a progressive bill. When insurance doesn’t cover all of women’s parts, it cannot be progressive. Hopefully, as you say, it is a step in the right direction.[/quote]

So why did ALL of the GOP in congress oppose it?[/quote]

The GOP gambled that they could the Dems couldn’t pass a bill, rather than help pass better legislation. If they had been willing to compromise, they might have gotten more of what they wanted.

[beanmaestro]

[quote=dbapig][quote=SK in CV]
Like you, I’m pleased that it passed. But this is far from historic legislation. It is filled with ideas supported and proposed by every Republican president since Nixon. That certainly doesn’t make it bad, it’s simply less than historic. It is not a progressive bill. When insurance doesn’t cover all of women’s parts, it cannot be progressive. Hopefully, as you say, it is a step in the right direction.[/quote]

So why did ALL of the GOP in congress oppose it?[/quote]

The GOP gambled that they could the Dems couldn’t pass a bill, rather than help pass better legislation. If they had been willing to compromise, they might have gotten more of what they wanted.

[beanmaestro]

[quote=dbapig][quote=SK in CV]
Like you, I’m pleased that it passed. But this is far from historic legislation. It is filled with ideas supported and proposed by every Republican president since Nixon. That certainly doesn’t make it bad, it’s simply less than historic. It is not a progressive bill. When insurance doesn’t cover all of women’s parts, it cannot be progressive. Hopefully, as you say, it is a step in the right direction.[/quote]

So why did ALL of the GOP in congress oppose it?[/quote]

The GOP gambled that they could the Dems couldn’t pass a bill, rather than help pass better legislation. If they had been willing to compromise, they might have gotten more of what they wanted.

[beanmaestro]

[quote=dbapig][quote=SK in CV]
Like you, I’m pleased that it passed. But this is far from historic legislation. It is filled with ideas supported and proposed by every Republican president since Nixon. That certainly doesn’t make it bad, it’s simply less than historic. It is not a progressive bill. When insurance doesn’t cover all of women’s parts, it cannot be progressive. Hopefully, as you say, it is a step in the right direction.[/quote]

So why did ALL of the GOP in congress oppose it?[/quote]

The GOP gambled that they could the Dems couldn’t pass a bill, rather than help pass better legislation. If they had been willing to compromise, they might have gotten more of what they wanted.

[beanmaestro]

If I could convince my wife to leave California, my top choice would be Denver. Failing that, northern Arizona might be my next choice; Flagstaff seems about my speed. If you can tolerate religious people, there’s always Utah.

[beanmaestro]

If I could convince my wife to leave California, my top choice would be Denver. Failing that, northern Arizona might be my next choice; Flagstaff seems about my speed. If you can tolerate religious people, there’s always Utah.

[beanmaestro]

If I could convince my wife to leave California, my top choice would be Denver. Failing that, northern Arizona might be my next choice; Flagstaff seems about my speed. If you can tolerate religious people, there’s always Utah.

[Author]

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