I came across this article on Huffington Post, originally in The Nation:
Kate Michelman: A System from Hell: How Medical Crises Have Taken My Family to Financial Ruin
The Healthcare Crisis in this country is beyond disturbing – it’s a totally immediate problem. As the author states – this incredible story is not unique by a long shot. Why are we setting all of ourselves up for long term financial failure? At this point I feel great concern for our older people with money – more to loose – more grief. I have relatives with gobbstoppers of money – but seriously – it is being sucked away by medical costs. In this case, just base cost is something like 1000% more per month than predicted in pre-retirement planning.
I just received my own notice – yet another premium increase on my otherwise useless ‘catastrophic’ plan. So I am climbing back up to my Aetna rates which were increasing every 6 months or so. BCBS at least let me go ‘a whole year’ without an increase, which was a whopping 15 percent! So it was more than inflation, surely. I do get burned up that I pay out 2-3K per year and that only entitles me to a check up or two – with a 5K premium.
And then you just never know what will happen. This situation is out of control! Enough with the incidental stories of how US free market healthcare ‘works’ – so such and such person was able to get that terrifically advanced treatment – that is not the point. The point is the basics do not work.
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