They have a wide array of them based on coverage, so you can have a cheap one that has less perks. It's insufficient to say the least, but it's fine if you use other coverage for prescription drug coverage, etc. So I'm sure it does exist, but you're not getting away with paying $70 alone.
Yep, it's a bare bones policy that basically just covers catastrophic events. We are self-insuring on things like office visits, any medications, etc. Even so, we are saving hundreds/month.