I just found this alarming article

[ShadowHM]

Right.&nbsp; &nbsp; <_<

You may not know this, but there is a lifetime cap of outlay for most health insurance plans.&nbsp; Mine is currently is $250,000.&nbsp; So, even if I get some life threatening disease I'm screwed at some point in the illness.&nbsp; I've been paying for health insurance for 25 years, with very little use of it.&nbsp; I would have been better off with a medical savings account.

If the sum of insurance premiums are more than your probable outlay then it's a bad deal.&nbsp; But, the insurance companies prey on your fear of the unknown.&nbsp; I own only the insurance I am required, and then only with the highest possible deductibles and the lowest possible rates.&nbsp;

IMO, it's a shake down racket made legal.
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You have me confused. Your grand total cumulative amount that you can claim for health costs is a mere $250,000 ? Or would that be 'per claim/incident' ? And is that a standard across the U.S. of A.? Or is that dependent on the insurance company that you select?

You said in another part of this thread:

When I was 18 years old, I was in a catastrophic car crash without any insurance, and my 2 week stay in the hospital and subsequent therapy resulted in over $300K in medical bills. The only way that I was able to get out from under the debt was to file for bankruptcy protection and then using my lawyer, negotiate down my bill to cover only the hospitals costs, and then make payments over the next 10 years.

Now if you had had health insurance at that time, you would not have had to carry any debt, right? Your health insurance provider would have done any negotiating and you would not have known about it, I would expect. But, having had that claim, it would have obviated any chance for future claims?????

If I am misunderstanding what you meant, then that one additional year (that you didn't carry insurance and should have) would have balanced all the years that have subsequently paid and not claimed. And that doesn't sound like a racket to me.