General Discussion
In reply to the discussion: Why would one buy Obamacare when after you get [View all]stopbush
(24,832 posts)Your credit rating will also take a major hit if you don't pay.
Yes, hospitals raise their charges for procedures etc to cover the deadbeats, asking the insured to pay more. But that doesn't stop them from hounding the deadbeats.
But the biggest problem if you opt out of insurance is that you're on the hook for all of the expenses you incur before you get insurance. If you're in an accident, you could have major bills. Same thing if you're admitted to the hospital in an emergency situation.
Yes, insurance companies can't deny you insurance for a pre-existing condition, but they also don't retroactively pay your medical bills for any treatments you had before you got the insurance. You pay all of those expenses. The insurance company starts paying once you've secured the policy.
You can roll those dice, but it could cost you hundreds of thousands of dollars.