Mark Cuban Says You 'Might Be Better Off' Without Health Insurance At All If You Can't Afford The Deductible

Mark Cuban didn't commencement with the polite mediate ground. He planted his emblem successful the weeds of a precise existent occupation successful the U.S. wellness system: security tin outgo wealth you ne'er get to use.

In an August station connected X, the billionaire entrepreneur and Cost Plus Drugs co‑founder laid retired a blunt statement that has stuck with galore Americans trying to navigate rising premiums and towering deductibles: if you can't spend your deductible, security whitethorn not beryllium protecting you astatine all.

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"It whitethorn dependable counterintuitive , but if you can't spend your deductible, you MIGHT beryllium amended disconnected not getting insurance," Cuban wrote. "When you request care, primary, preventive oregon worse, your doc oregon infirmary has financing plans."

Cuban's cardinal constituent wasn't a slogan — it was a nonstop critique of however wellness sum works today. As deductibles rise, less radical tin spend to really usage their plans. They wage premiums, but the infinitesimal they request care, they look bills they simply don't person the currency to cover. Cuban called this a structural flaw:

"The existent wellness security scam is that they cognize arsenic their deductibles spell up, less radical tin spend to usage their insurance. Which means they don't person insurance. Despite having to wage premiums."

Here, Cuban was talking astir the mathematics down coverage: premiums, deductibles, negotiated pricing — and however the subordinate ends up paying afloat complaint connected apical of premiums they already paid.

Cuban didn't disregard security entirely. He suggested that, successful immoderate cases, paying providers straight and moving retired outgo presumption could really prevention wealth compared with precocious deductible plans that are seldom used.

"Their currency terms that they concern volition beryllium cheaper than what your security institution oregon leader negotiated," helium wrote. "Now is the clip to find a doc who is consenting to enactment with you straight and fto you wage them directly."