The price was lower, but the overall regulatory environment was much worse.
Insurance companies could deny coverage based on a variety of pre-existing conditions, even minor ones.
Insurance companies could deny coverage based on the lack of previous coverage, i.e. not having a valid insurance policy for a few months while you were switching employers, etc.
The policies had no hard limits on out-of-pocket maximum, which meant that for some prolonged treatments (cancers, complicated surgeries) you could easily get into the debt that would lead to an eventual bankruptcy.
The forms that you had to fill in during the application process asked for a quite detailed family history, so for a couple with kids that would include parents, grandmas and grandpas on both sides, and then you add siblings. If you omitted any symptoms or complications, perhaps by mistake, or perhaps grandma's arthritis wasn't really a dinner conversation topic, the insurance companies could claim that you've intentionally falsified your medical history, and deny coverage retroactively.
Insurance companies could deny coverage based on a variety of pre-existing conditions, even minor ones.
Insurance companies could deny coverage based on the lack of previous coverage, i.e. not having a valid insurance policy for a few months while you were switching employers, etc.
The policies had no hard limits on out-of-pocket maximum, which meant that for some prolonged treatments (cancers, complicated surgeries) you could easily get into the debt that would lead to an eventual bankruptcy.
The forms that you had to fill in during the application process asked for a quite detailed family history, so for a couple with kids that would include parents, grandmas and grandpas on both sides, and then you add siblings. If you omitted any symptoms or complications, perhaps by mistake, or perhaps grandma's arthritis wasn't really a dinner conversation topic, the insurance companies could claim that you've intentionally falsified your medical history, and deny coverage retroactively.