r/FluentInFinance • u/The-Lucky-Investor • 13d ago

“Medicare for All” would save the U.S $5.1 Trillion over 10 years Discussion/ Debate

https://www.commondreams.org/news/2018/11/30/easy-pay-something-costs-less-new-study-shows-medicare-all-would-save-us-51-trillion
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u/Nojoke183 13d ago

Being "insured" and actually having coverage that makes healthcare affordable are two very different things.

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u/SleepyHobo 13d ago

Most insurance plans are going to have a small copay. Then payment plan for the bill you get months later.

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u/No_Tea1868 13d ago

Most insurance deductibles are thousands of dollars. Plans with copays are far rarer than you think. The majority of Americans are hit with the large bill right away.

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u/njackson2020 13d ago

What insurance are you referring to? I have never seen one that doesn't have a copay for things like urgent Care. They generally just vary on how large the copay is

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u/No_Tea1868 13d ago

I worked for a benefits company for several years. We managed Blue Cross Blue Shield / Mercer / Aetna / United Healthcare plans. Several different levels for each depending on what employers wanted to offer. I'm talking about hundreds of thousands of plans overall. None had copays except on prescription plans.

You know which ones do have copays? Medicaid.

Seriously. If you think the majority of Americans are on plans with copays rather than deductibles, coinsurance, and out of pocket maxes, you've got your head up your butt.

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u/njackson2020 12d ago

Do you happen to have any studies or articles on that? I'm not able to find any data to back that up and I would like to learn more

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u/njackson2020 12d ago

That's odd. I have had United healthcare, Blue Cross, and one not mentioned. All of them had co-pays