How can you be one medical emergency away? My max out of pocket is 7k, that covers pretty much any emergency. I already met this year and all procedures are free.
My wife had a brain surgery few years ago and our insurance company paid around 150k and we paid max OOP and not a cent more.
Example : My brother recently fell off a roof and broke his back. Paralyzed now from the waist down. Can't work. Insurance is now gone because he cant work to pay premiums. That first year was great... insurance covered everything. Now... his long term care will end up being medicare disability which means he loses everything he owns.
Here is a link by no other than the IMF: https://blogs.imf.org/2017/04/12/drivers-of-declining-labor-...