I purchased a high deductible individual health insurance for S1 when he graduated from college. I was surprised to find that many of his friends did not carry any health insurance. All the parents were simply praying that their healthy kids would remain healthy until they landed a job with health benefits.
Some people thought the high deductible health insurance was a waste of money. I admitted that this insurance was rather useless except in catastrophic situations like getting hit by a bus.
Here is my question. If my S (with high deductible insurance) and another kid (with no insurance) both get hit by a bus and end up in ER, what will happen? I assume my S will first pay his high deductible before his insurance kicks in. How about the other kid? Will both kids receive the same treatment or care from the hospital? If the other kid is over 21 and has no money, will the hospital absorb the entire costs? Will the hospital try to get money from the other kids parents?
Please dont turn this thread into a political, philosophical or ethical discussion. I will continue to buy insurance for my S just for my own peace of mind. I just want to understand how the current system works. Is it possible for somebody to come out ahead financially to have no insurance than a high deductible insurance? In what ways are a little insurance better than no insurance besides having the peace of mind?