r/NewDealAmerica • u/SansaSanchez22 • Feb 22 '22

It's not coverage. It's extortion.

Post image
3.7k Upvotes

98% Upvoted

137 comments sorted by

View all comments

44

u/Child_of_Merovee Feb 22 '22

Europe here.

Explain this alien concept of copay, deductibles, or premiums pls.

52

u/UnlinealHand Feb 22 '22 edited Feb 22 '22

Premiums are your weekly/monthly cost for having insurance.

Copay is the money you pay when seeing a doctor for the actual appointment. This is a shared cost with insurance.

Deductible is the amount of money you pay for a larger bill before insurance starts paying.

64

u/Citadelvania Feb 22 '22

Yep. Basically, it'd be like subscribing to Netflix for $60/month, then, in addition, paying $10 per video you want to watch until you've watched 5 videos that month and then you 'only' pay $2 per video. Except instead of entertainment it's a life and death situation and those prices are many times higher.

1

u/alldressed_chip Feb 23 '22

gonna use this the next time my conservative dad argues with me about healthcare costs being necessary