Medical error is third biggest cause of death in the US, experts say

Re:Medical error is third biggest cause of death in the US, ... by refurb on Wednesday May 04, 2016 @01:56PM (#11630229)

I guess that's what disability insurance is for? You also get a pretty good safety net in Canada in terms of health insurance coverage and disability payments.

[ Parent | on HN ]

Re:Medical error is third biggest cause of death in the US, ... by iends on Wednesday May 04, 2016 @02:08PM (#11630331)

Long term disability insurance is crazy expensive in the USA.

My wife got multiple quotes around $15,000 a year for a perfectly healthy 28 year old woman. It excluded back issues because she went to a chiropractor a few times. This was for like 60% income replacement too.

[ Parent | on HN ]

Re:Medical error is third biggest cause of death in the US, ... by twoodfin on Wednesday May 04, 2016 @02:33PM (#11630548)

I would guess that there's a serious adverse selection problem in personal disability insurance.

[ Parent | on HN ]

Re:Medical error is third biggest cause of death in the US, ... by nommm-nommm on Wednesday May 04, 2016 @02:46PM (#11630651)

The strange thing is long term disability insurance for a group plan is really cheap. My work provides it as an option and I only pay $300/year or so for the premiums, work doesn't pay any percent of the premiums.

[ Parent | on HN ]

Re:Medical error is third biggest cause of death in the US, ... by chris_va on Wednesday May 04, 2016 @04:45PM (#11631607)

Adverse selection is a huge problem in insurance. And disability fraud is especially bad (like billions of dollars in CA every year).

As a result, insurance companies don't want to play in that space, since their average margin is only like 6% anyway. States backstop the insurance companies, to make sure they continue to offer the product.

[ Parent | on HN ]