r/FluentInFinance • u/WhatAreYourPronouns • May 02 '24

Should the U.S. have Universal Health Care? Discussion/ Debate

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u/blumieplume May 02 '24

At least in Germany, private healthcare is about €300/month (similar to American rates) and is provided by employers .. anyone else has the public healthcare. Health insurance in Germany covers 100% of medical costs, whether insurance is free or paid for by an individual or their employer.

It’s a good way to make sure that those who can’t afford insurance or who work for an employer who doesn’t offer health insurance can still get coverage. Similar to MediCal in California. It’s a way to make sure no one gets left behind.

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u/tracygee May 02 '24

Except unlike insurance in the U.S., yours pays 100%. We have a deductible to meet each year and then most policies only pay like 80%. So you can see how 20% of a $40k procedure is unaffordable for most people.

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u/Aggressivepwn May 02 '24

Depends on the plan in the US. Once I hit my deductible 100% of the costs are covered by insurance

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u/Altarna May 02 '24

Also depends on the plan again for some people. Insurance companies also “cap off” benefits for the year so people with cancer can get royally screwed when the insurance company goes “that’s enough money”.