Pamela Wible, MD recently mentioned a couple analogies we happen to have articulated a few times ourselves. She breaks down what it would be like using health insurance to cover breakfast, and the result is less than ideal…
“If you hired a third party to pay your restaurant bill, you’d pay twice as much, wait 2 weeks for a table, and have 7 minutes to eat.”
We’re glad she’s using real world analogies to get the point across; you can’t deny that using health insurance as a catastrophic net makes more sense than a convenience plan for daily maintenance.