Do you know what your health care costs are?
Although many Americans are aware that the cost of health care in the nation is quite high, they don’t have a really good sense of what the definition of quite high happens to be. “High” to some people is paying $200 for see a doctor. Little do they know that if they show up at a hospital needing emergency care for something serious, like a broken arm, that high could mean up to $25,000.
If you have health insurance, the cost would not be that high, and you would stand a fair chance of paying of the rest of the bill in due time. If you don’t have health insurance, you have very few options other than borrow, and most banks will not loan money to pay medical bills, or get funds from family or friends, but who else has $25,000 just hanging around in the bank?
Think about what would happen if you were suddenly handed a bill for medical care and you did not have insurance. It’s a pretty grim picture. It might be time to rethink not having health insurance, even if you have to scrimp to pay the premiums.