I’m Young & Healthy, Can I Skip Health Insurance?

100 Comments found

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Miep 1

In Germany everybody has health insurance by the government. It works and nobody needs to think about it 😉

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CyraEm

This really doesn't reflect the current healthcare situation. We opted into the biggest fanciest plan that my husband's employer offers, and it is *still a high deductable insurance plan*. All insurance offered at the company is, and it's not at all uncommon as we found out when we started asking about health insurance during the job interview process because we knew a bad plan could outweigh the benefits of a potential pay raise. Most companies, at least in the tech and business sector where we looked, had primarily high deductable plans on offer.

This newest position was a $15,000 a year raise in an area with much lower cost of living than our last location, and we're having to make do on less proportionally than we had at the previous job, because so much of it gets eaten by our insurance.

We pay $7,200 in premiums, then $10,000 completely out of pocket until we hit the family deductable, and even after that insurance will only pay 80% and only on some procedures. It won't, for example, pay for an MRI under any circumstances, which I might need after a major car accident. Sure, we'll be paying less than your car accident example, but not by much. Maybe $48,000 instead of $58,000. That car crash will still completely devastate our finances either way, and being able to put that $17,200 of upfront cost aside for things like a cardiac workup–which I need but cannot afford and our current insurance has no intention of paying for–will have a huge impact on my long term health. Getting cardiac care now helps avert huge future expenses in the future that are a lot more likely than a random imaginary car crash.

The problem isn't the consumers taking risks just for the fuck of it. The problem is a broken system, which some people are partially opting out of even with full knowledge of the risks. With the current system, I have legitimately had to weigh the cost of treatment against my life insurance payout before. If I have a stroke, and go to the hospital to die there, the cost will bankrupt my family, and eat up the lion's share of that payout. If I have that stroke at home and die there, my family only has to use that payout on funeral costs, and will have most of it left to pay for things they'll need in my absence like therapy and childcare. I refuse to bankrupt my family insofar as I can help it.

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IrelandVonVicious

Looks like leftist propaganda to me.
The problem is the cost of medical care due to the racket that is insurance companies and the medical system as a whole.
If we all skipped the insurance the prices will fall and we'd all end up better off if we stacked the money for emergencies.
How many more risk does the average person take with their health when insured and how much does that tax the entire medical system cost us all more money?

If I'm wrong show me one universal health care system that has improved it's cost over time.
Like all socialist programs they have a huge benefit at the very start and decline into a worse and worse bureaucracy over the decades.
It's almost like stealing for future generations to pay for band aids on a gun shot wound.

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Developer LLL124

I don't know if I have insurance.

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2Awesome

$8000 on credit cards to pay bills while recovering, how can you even count that in the comparison? What health insurance plan will cover any of those costs?

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Elaine Eason

Or you can leave the USA. This grass really is greener abroad and some expat insurance plans require you to live outside US for only 6 months per year, and still provide US coverage.

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Disco Deacy

laughs in Canadian

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shizik001

Yes, the best solution to high cost health insurance is what all developed countries do, single payer health system. And the best way to achieve this is via the true American way. The American way that US was intentionally built up on, by founding fathers. By lobbying the government day and night, with petitions and calls. Americans, don't expect lawmakers to have your best interests simply because they need your vote; for most politicians your vote in the ballot is substantially less important than a call from you or a petition signed by you.

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That Guy Again

Meh I could careless from dying on natural causes so can I skip health-care? I'm not afraid of dying young, I'm more afraid of being old and unable to do anything anymore, so dying young doesn't sound so bad

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Henry Farthington

The car accident is a poor example imho because the risks of driving can be mitigated by purchasing more medical coverage (or not driving) from your car ins.

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Broderick Gerano

Gotta say, as a young relatively healthy guy (5’9”, 150, 20 minute 5k), I’ve had 4 random surgeries in the last six years that were unavoidable and not a result of my actions. Birth defect that started out of nowhere, complications with that, etc. You gotta have that insurance, especially because getting basic services is a lot cheaper through insurance yo

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054863564

You can join the military and get free health insurance.

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Iwan Ng

**
Laughing in Canadian
**

😂

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فيلسوف ليبيا

Why I watch this I live in 3th world country and medical care is free . 66000 on some fractures WTF .Is the fixing materials made from gold or treated by super intelligent robot?

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Harris Hartman

The first hospital in the world is free of charge for every human. Funded by charity, it is called waqf. More intersting, many Muslim people do not know this fact.

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TheFourthWinchester

US hospitals, insurance and pharma companies are all hand in glove. Its a scam and spreading to other countries.

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Konpal Batra

In India we pay about about 280USD a year for medical coverage of about 35500 USD. US is just crazy expensive

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User

Hey man, make love, not war!

laughs in NHS

(sorry)

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Damien Gu

"Do you know other creative solutions to the high costs of health insurance?"
Yes. Universal Healthcare like the rest of the world. Vote Bernie Sander's Medicare for All

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Gaschowin

What if paying higher taxes to guarantee help if you need it… is actually good? I can't believe some Americans prefer this bloated and cruel system.

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Ente Fetz

As an European, I have never heard of insurance that only pays for large expenses. But that sounds really interesting. I only go to doctors like 3 times a year and could easily pocket these expenses directly and unbureaucratic while that one emergency surgery I one had probably cost 50k+ in total.
I never even saw that bill because it was all paid by the insurance.

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Mark Ebel

This is why I value our NHS so much, per person we pay around 2.5k for that a year but people's lives aren't treated like a money making machine

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Arie Fraiser

$375/mth for health insurance?? That's fantastic!

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Capt ain cool

Yea!! it's cheaper Die !!

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showbizjosh40

I just recently subscribed to this channel and I seriously love the many different topics you two cover. The video production quality is really great too which makes everything more interesting to watch. Your videos have great content and I seriously appreciate it! Keep up the good work!

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Reinaldo Morales

The video only mentioned the $4,500 deductible.
What about the $15,000 maximum out of pocket?

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Santosh Kinikar

In next few days I am going to buy a better health cover for my family.
Thanks Two cents….

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stacey kim

God..I'm so lucky to be born in Korea.

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--

Im sick every few months so om always gonna use it xD

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dtvfan24

<me in england>
Thumbing up because all americans need to watch this and understand FREE at point of access healthcare is better for all thanks to employed people paying for it with only 2-5% tax

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Saddam Butt

I have a better option, move to Canada

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mehfoos

Just like the middle ages: If you're born poor and sick, you die! The good old days…

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NoShaleGastly

This is all so convoluted. On one hand, I'm glad I live under canada . On the other, almost everything and every kind of insurance feels this way. Not just health. I'm not sure I want to live on this planet anymore. Lol…

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yuuswho

It's not true that a high deductible plan would only cost you $4000. That totally depends. Often those deductibles are as high as $8000 and then after that the plan might only cover 50%

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Ikaika Arnado

You can still go bankrupt with health insurance…

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extraextraxtraterrestial Doo

<giggles in european>

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BIG Bulldozer

Medical tourism is a thing

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Andrew Henderson

Insurance is expensive regardless of whether it is provided by your employer or not. In a sensible world with some form of single payer (read: virtually all developed countries except for 'Murica), your employer would be paying you more in lieu of the expense they incur providing you with healthcare. Some of this pay increase would be eaten up by the taxes necessary to fund the single payer system, however as the government will be able to negotiate better rates with health care providers (because they have huge leverage) it would still be a net gain.

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ZG Colorforce

This is why I'm okay with higher taxes to have medical catastrophes covered by the state.

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KaibaCorp HQ

I paid the penalty last year for not having it, it came out to about $50 a month for 12 months; helluva lot less than insurance at more than twice as much to actually have coverage, especially when you factor in that if you tell a clinic you have insurance, they no longer offer a pay scale and you pay the entire amount (which for me earning minimum wage is a fuck load compared to the normally offered payscales when they cut it by like 70%).

Health insurance literally makes 0 sense unless I get into a life threatening car accident or something, and even then on the cheapest plan they'd just let me die.

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iPanda Nation94

A wise man once told me. “It’s better to have it and not need it, than to need it and not have it” ~My Dad

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Alan Rojas

Bro with all due respect, this chick would be a star in the porn industry lol

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Beth Hague

Honestly we have private healthcare here in the uk and it’s not massively expensive like it is in the Us so any bs about ‘increased taxes people won’t want to pay’ ‘not enough doctors for everyone’ is rubbish. You pay £200-10 per month for PRIVATE health care here in the Uk and we have the NHS. America is just exploiting you.

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Kolvencia

This is why I am extremely thankful that the NHS exists here in the UK. I don't even have to pay for my prescriptions since I'm in Scotland.

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darren zou

I know a way to cut health insurance to 0$ and never get a medical bill!

Die

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Aaron Hernandez

Eh, just default on the medical bill 🤗

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Breadman

Move to Canada

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Tim O'Brien

Hmm. Health insurance or food? Boy, that's a tough one.

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Pulse

The funny thing that you need to be careful about is that some plans are "too high deductible" to qualify for an HSA account. Now that's my current situation and I don't have insurance because of it. The next best option is $500 a month where I live.

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Etzi k

Psh I can't even afford insurance 😂 make less than 30,000 a year. That sure sucks. Welp 🤷🏼‍♀️

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Ebani

You can unless you live in the USA where money is more important than life

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Jay Bee

I aint paying that shit it's all a scam. Something catastrophic happens and they bill me a million, good luck getting that from me! Let the system burn.

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s a

Holy shit that's crazy. In Canada we need health insurance and it's not cheap but basic healthcare like doctor's visit is free. Also dental and prescriptions are covered in part so that's really important. I couldn't imagine being in that situation tbh

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J Starr2

Never buy a plan with a deductible they're not worth it

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Kelvin De Jesus

If only healthcare providers and big pharma wouldn't have such high list prices in order to give "huge" discounts to insurance companies, maybe costs would be lower. But insurance companies still need to healthcare providers to have their prices high, so their premiums can cover their costs and rack up some profits from the economies of scale they amass… Don't get me started on healthcare intermediaries…

Its funny how they call "adjustments" to the discounts you get if you have insurance. Even the language used, its tailored to confuse and overwhelm people.

But America needs to have their prices high so big pharma can subsidize their introduction to international markets (even when they lose money overseas, but they just want to build a market and raise prices gradually).

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Rama Shtovba LDS

Or there is a second option, move to Canada!

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W0NDIN

Watching this video makes me glad I’m from the UK.
God bless the NHS.

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Katie Buffington

Health insurance today is NOT as you described. "Protecting you from bad things that probably won't happen." That is how insurance is supposed to work, but not what the evil fallan massigh, Barack Obama, inflicted upon this great country. The costs are much higher to the individual based on the statistics you quoted. "1:10, 1:20" Now it's almost a homogenization of communism that takes from one group, the healthy, and redistributes to the poor and sick. (Smokers, drinkers, drug abusers, unhealthy eaters.) My job offers about the best rates on healthcare you can get and I, at 33, still don't partake. I live as healthy as I can and don't engage in risky behaviors. Healthcare today needs a major overhaul in the opposite direction that it has been going in. "Pre existing conditions"!?!? You can't run an insurance company on pre existing conditions! If your house burns down, uninsured, can you call up Geico and tell them you had a pre existing condition!? Hell no! We need to have individual people carrying their own loads!

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Sxpreme -

Y'all act like health insurers just help. Most you have to fight with for medical help

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Tristan Meyer

Maria just had one of her greatest accomplishments destroyed in seconds

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Fred Biemuller

One thing that I have always looked for in a full-time employer was health and retirement benefits.

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RaZoR

I'd have health insurance if it didn't cost more than I make per year.

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Hououin Kyouma

Good video, but it shouldn't need to be made in the first place. #americayoucrazy

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Quinten Kamphuis

Live in the Netherlands: Don't think about it.

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Fuarian

whispers in Canadian

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Victoria Haugen Anshus

Or you could move to Norway, where medical helf care is basecly free (along with education and dental care)

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legen belcher

HSA is also pre tax which means you save even more

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SilverTabby

The real question is: Will this guy ever shave?

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yuh7siva

The insurance system needs healthy contributors who pay into it but rarely use it in order to sustain itself. The reason premiums are so high is that there aren't enough such people in the system, mainly due to an increasingly older (possibly sicker) population.

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Ali Alhashemi

Ok – I was expecting sex due to the acting

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Евгений Козлов

having chance of 1/10 to get bill for >$13k in 5 years run means probability of 41% to face that at least once
for 1/20 chance on getting bill >$27k in 5 years run gets 22.6% probability to get it at least once
it looks even scarier now 🙁

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Amber Conger

I thought unused money put into an HSA would expire at the end of the year. How do you make the money go towards your retirement?

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Jakob Kirbach

How much of my unused money should I put into my home vs. my retirement? Or… Should I put all of my money into saving for a home first or retirement until before I want to buy/rent a home?

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SolQuik

If I get into a car crash, I’d choose death over debt.

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Mitleid Gamer

laughs in europe

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D1KHEAD808 Manz

I she pays $4500 a year for 3 years and her bill is $58000 where does the $44500 come from?

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Kazekage Gaara

Medicare for all is the solution to this problem

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Nabeel Saoor

uhhh, why the fuck does a car accident cost 68k?

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Heidi Briones

Universal Basic Income and Medicare for All. #Yang2020

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Dylan Brandt

I once had a high deductible insurance plan but my deductible wasn’t an easy 4K it was 13k and it was like 400 bucks a month. It’d be so much better to just pay higher taxes and get healthcare.

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Ramir Enriquez

If social media has many unseen benefits, this is one of them. Contents like this is very helpful

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Mario Justiniano

Why wasn't I taught this stuff in school…? -_-

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Константин Георгиев

And there still are Canadians complaining about their healthcare system.

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Ross Armstrong

Dafuq!? Your medical treatments are a rip-off, even for a country that uses the private sector. That's why your insurance premiums are so high!

Doctors and pharma companies are gaming the system!

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Sophia Bruno

Who’s pro state paid healthcare and why or why not?

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leftyla

Great topic. I have this conversation in my head every time I pay my health insurance! This really puts things in perspective.

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Desi Car Guy PK

What i really hate about insurance is that when u have it u dont need it.
When u really need it u just realized it expired 1 day ago

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Karim Sarif

My backup health insurance plan costs the same as a helium balloon! In fact it is a helium balloon! And a bag over my head. Filled with the helium.

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ElecDIY

The thing is, US public expenditure on healthcare is on par and even greater to most EU countries with FREE healthcare. Insane.

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Jean leconquérant

In France we don't know that

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Tiffany Li

Just support Medicare for All to avoid all these mess! #Bernie 2020

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Bradley Shelton Official

I filled out this form… An a agent reached out… Broke down plans and was informative, I just called him back today to get insured.

https://form.jotform.us/91778408798176

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MistaTofMaine

A lot of what ifs. For me my company pays almost all so would be crazy for me not to participate. Without them footing most of the bill and I got insurance, I'd be out tens of thousands of dollars to date.

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Hadi Islam

Ha! In every civilised country except america

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Ramification

Hey Two Cents, would love to hear your opinion on life insurance such as term and permanent. Great video by the way!

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Random Things

Can u put (Americans only) in the title.
Thanks, a concerned Canadian

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Paws Not Claws

The us needs to stop with this predatory shit 🤬🤬🤬

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Nathan The Guy

Am 17 about to turn 18 and didn't even understand 3/4 of the thing said in this video.
Did I already failed at life?

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Daniel Garcia

I gone 20 years without insurance. That's about $105,000 .

As for accidents, well better hope a wealthy person hits you.

They need to lower health cost to $200 a month.

But yeah it can happen to anyone.

Funny thing is why is it cheaper to pay cash at doctor office but yet they charge health insurance 3 times what you paid.

That's crazy how doctors take advantage of health insurance

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blackmesa232323

Here's the thing, I can't afford insurance period 🤣🤣🤣🤣

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