<prompt> Human: Im 29, self-employed. I was using Obamacare and my premiums went from 130month to 380month because of a small increase in income and I think whatever changes happened to the plans this year.This is for bottom of the barrel 5-8k deductible plans. I keep myself in great health, havent had to go to the doctors for anything in the last 5 years aside from one case of horrible poison ivyand that I had to pay out of pocket for.So at this point Im thinking, wtf is the point of paying for insurance?I dont have any assets of note. Worst case scenario if I get in a horrible accident and rack up loads of medical bills Id probably just declare bankruptcy. 380month is more than I pay for rent. So Im thinking that the riskreward factor here is pretty clear cut. Any medical bills under 5-8k the insurance wouldnt even help out with. Anything over, and well, they cant squeeze blood from a stone. Is there something Im missing? Edit: Thanks for all the replies. Ive been researching my options and heres what Ive concluded thus far...My most economical option would be to purchase short-term catastrophic insurance. Ive been looking on eInsurance and there are many short-term plans for under 100month. If I go this route it means I would still be subject to the Obamacare tax penalty. However the only way the IRS recoups that penalty is if you A pay it voluntarily or B they withold the penalty amount from any refund you are owed. Being self-employed I dont ever receive any refunds so that would essentially negate the penalty, in the end leaving me with catastrophic coverage for under 100month, which is MUCH more affordable than the cheapest current plan of 345month.  <response>: Anything over, and well, they cant squeeze blood from a stone.No, but youd be amazed at how much they can squeeze! 