Billionaire Mark Cuban proposes a new look to health insurance:
Mark Cuban proposed a system where families deposit what they’d normally pay in premiums into a dedicated medical account instead of buying traditional insurance.
Cuban says the monthly cost for a family of 5 would be $2100
A portion of the monthly deposit would cover catastrophic “stop-loss” insurance and direct primary care.
The remaining money stays in a personal account, usable only for approved medical expenses.
Unused funds would accumulate and belong to the individual, similar to an HSA, and could be kept at retirement.
If costs exceed savings, a bank loan would cover expenses up to a set threshold, repaid through future deposits.
Cuban emphasizes it’s not insurance, but a bank-based system offering more control, with challenges still to be worked out.
CBN- basically Refua health Share on steroids😜
