I have an idea for a start-up medical insurance company for Massachusetts. My insurance will have an infinite deductible. That means you pay your own bills. The cost of insurance can be very low, say $100 a year, as I do not need to do anything other than to send you a letter confirming that you have medical insurance. People who otherwise will be fined up to $900 for being uninsured will run in droves to buy my insurance.
I have an even better idea. For an extra fee, I will negotiate with doctors so that you will pay the same amount as medical insurance companies pay to them, which is often three times less than you would pay on your own.
Who am I kidding? I am not a business person, I can’t build a company. But I am looking to buy the insurance I just described.Share: