Monday, 10 July 2017

The Health Insurance Story

The AP put out a short piece today and noted that the number of non-health-insurance folks in the US.....grew by 2-million over the previous year.  We are at 11.7-percent without health insurance....compared to 10.9-percent at this point last year.

You can interpret this in forty different ways.  But I would suggest that most people have reached a point where the yearly fee....usually in the $8,000 to $12,000 range, and the deductible of $4,000 to $6,000....has reached a point where it's simply stupid to pay into the deal.  Let's face facts....at $15,000 a year....you can almost afford to buy a bare-basic pick-up truck, or over three years....a BMW 3-series car.

If I were the Republicans....I'd do absolutely nothing.  It's obvious that they have no plan and no concept over how the program works in general.  I'd say the same about the Democrats as well.

At the pace of things....you can figure by mid-summer 2018....the rate will be around 12.5-percent and by mid-summer 2020....around 15-percent.

As much as people have some fraudulent idea that the Affordable Healthcare Act fixed things....it simply invented a new problem with cost being out of reach or reaching a ridiculous point.

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