Tuesday, October 28, 2014

Would a "copper plan" real be cheaper?

Sure, the monthly premium would be less. But with a higher deductible and less coverage, that means that if the policy holder gets sick, he or she is going to pay a whole lot more. So the overall costs to the average copper plan holder isn't actually going to be cheaper.

The point to health insurance is to give people security to know they are covered if something really bad happens to them and to make sure that those costs aren't foisted on the public at large if the insured can't cover those extra costs. A copper plan would cut against both of those goals.