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Old 07-21-2010, 11:20 PM   #11
Clodfobble
UNDER CONDITIONAL MITIGATION
 
Join Date: Mar 2004
Location: Austin, TX
Posts: 20,012
Quote:
Originally Posted by classicman
I did a little preliminary checking just in case... the rates I was getting were 300-400% more than what my total premiums are now.
Yeah, my understanding is that it's really not for people who are capable of getting any kind of medical insurance on their own. It's for those who are completely unable to get a premium of any kind, and are stuck with literally tens of thousands of dollars a year in out-of-pocket medical costs. 300-400% of your premium is still quite possibly less than they're currently paying in medical bills, so it's a better deal for them.
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