Insurance vs. Pre-Paid Medical Plan

I may have posted this before but it’s worth repeating.

Virtually no one in America has a true medical insurance program.  Rather, they have a pre-paid medical plan.  And the thing that we call Obamacare most certainly is NOT insurance.

Insurance is an asset that mitigates risk for a cost.  In the best scenario, you never file a claim and the only thing you are out is the premiums that you pay.

Contrast this to a pre-paid medical plan which allows an individual to contribute some set amount of money and then entitles that individual to a set group of medical procedures.  Things like primary care check-ups, eye exams and routine physicals.  Perhaps even a trip to the doc for jr. now and then.

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