DIY Health Insurance - Can it be done?
November 21, 2010 8:22 AM Subscribe
What's stopping people in the U.S. from forming health care co-ops?
posted by Jess the Mess to health & fitness (19 answers total) 3 users marked this as a favorite
I've noticed lately that there's been some news coverage in the U.S. about religious health care co-ops, where instead of the members paying for health insurance individually, they each pay a certain amount monthly into a common pool and use it to pay the bill when a member needs medical care. The costs seem to be much lower than what it would cost the same people to maintain health care coverage. Unfortunately, these co-ops also require people to be a member of a certain church and follow certain rules.
But what is stopping people from forming non-religious health care co-ops? You could have, say 50 people who are self employed or who otherwise aren't covered by employer health care pay $100 a month into a common pool and then use it to cover medical expenses when someone in the group gets sick or injured. It seems like it could even be done pretty informally, amongst perhaps a group of friends who already know and trust each other. Are there good reasons people don't do this? And if so, what are they?