Quote:
Originally posted by ltl/fb
Insurance can be outrageously expensive even if you have the opportunity to buy at group rates thru your employer, esp. if your employer has a pool of employees that tends to be expensive.
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An employer based group plan is more expensive for a young healthy person because everyone pays the same premium per person/dependent. The young healthy person pays the same premium as an older unhealthy person in these employer based group plans. But the opposite is true for an individual plan - even full coverage are inexpensive for young healthy people.
Plus the employer plans are full coverage, usually with low co-pays.
I am only talking about childless people in their 20's who are healthy. They make up a surprisingly high number of the uninsured and many of them could in fact afford health insurance but choose not to buy it because they are spending their money on other things. They will say they cannot afford it, but they can. They cannot afford it only because they are choosing to spend their money on other things.
The crazy thing is that they won't even buy the catastrophic coverage which is incredibly cheap.
