Wall Street Apes@WallStreetApes
American is a healthy 28 year old, he decided to skip paying for health insurance this year because the cheapest plan was $900 per month with a high deductible
He had to spend 2 nights in the ER without insurance, he breaks down the bill
“This is my receipt from spending 2 days in the hospital:
- It totaled about $24,000
- My CT scan alone was $8,300
- Laboratory, 6,000
- IV therapy, $1,020, $4,000 in total
And while $24,000 seems like a lot of money, let me show you something. This is what I'm actually paying, $2,478
because when you don't have insurance, these hospitals give you a discount. They discounted $22,000 off of this bill”
“But if I had insurance, I wouldn't have gotten that discount. So it would've been a $24,000 bill billed to my insurance, and then my insurance would've said, ‘Hey, you have a $5,000 deductible. You need to pay $5,000 for this last emergency room visit.’
Then you tack on the $900 a month that I'd be paying for that insurance. I'd be paying $20K this year for healthcare.
So the craziest part about this is even if I have another hospital visit, by the end of this year, I'm still gonna be paying less than I would if I had insurance. At minimum, my cost for healthcare this year would've been $20,000 with insurance. Right now I'm at $2,400.”
US Health Insurance is a scam
