Recently, my wife approached me with the unwelcome news that our health insurance plan — which we like — will likely be cancelled next year. Her employer, a healthcare provider, generously provides benefits even for those working part-time. Due to the devastation wrecked upon the industry by Obamacare, they anticipate the need to drop coverage for all employees working less than 60 hours per pay period. My wife works 56. Since my employer’s offering proves virtually worthless, far too expensive for far too little coverage, we will be left effectively uninsured.
We may consider Samaritan Ministries as an alternative to insurance. Resembling the mutual aid societies which were common throughout America before the rise of the welfare state, Samaritan Ministries operates as a “health care sharing” service. Here’s how it works:
Each member commits to sending a set “Share” amount each month. These “Shares” are sent directly through the mail from one household to another, to the members with “Needs”. Samaritan Ministries uses a database that randomly matches Shares to Needs, so that the Sharing is coordinated and Shares go to the appropriate members with Needs.
Born to a world dominated by employee-provided health insurance, we may find the notion of health care sharing bizarre or even suspect. But is it really any more odd than our rapidly corrupting government?
It’s with some irony that a Christian ministry has essentially gone Galt. While Ayn Rand may have balked at the religious context in which Samaritan Ministries operates, she also may have tipped her hat at their defiance of convention.
The service “even satisfies the Federal health care law’s (Affordable Care Act) requirement that you have insurance or pay a penalty-tax (see 26 United States Code Section 5000A, (d), (2), (B)).”
Would you consider a health care sharing service like Samaritan Ministries? How might the business model be applied to other needs?