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Originally Posted by loquitur
A few years ago, I wanted to have my family go "naked" on health insurance - cover only catastrophic, and pay for doctor visits and medicine out of our own pockets. I had calculated that we would come out ahead by some huge amount of money. My wife wouldn't hear of it.
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That is what my wife and I have done. Insurance with $10,000 deductible for catastrophic with minor stuff paid with HSA account or out of pocket. This is not easy to do since price comparison is difficult for many procedures and deciding what medical care is really necessary and which is not. The system seems to be set up for people with co-pay who do not care how much things cost and how many tests, drugs, etc are provided after their deductible. I suspect that many tests, prescriptions, etc.. are not really necessary. Also the system is not set up for competitive price shopping and in an emergency or bad accident you are in no position to get quotes.