A Lesson in…
Health Care in America 101
Current health care in America is very simple and extremely profitable. It is premised upon the indisputable fact that younger Americans are statistically healthy and incur very little health care costs. These young, healthy Americans pay insurance companies approximately $6,000.00 per year for individual coverage and approximately $12,000.00 per year for family coverage. Of course, such premiums are often substantially more and can indeed double and even triple as these young, healthy Americans age.
Americans pay these premiums from approximately age 25 thru age 65, at which age they retire and go on Medicare, which effectively ends or substantially replaces their employer provided private insurance coverage at the precise time their need for healthcare begins. Thus, from the approximate ages 25 to 65 (i.e., 40 years) Americans pay the insurance industry approximately $240,000.00 to $480,000.00 or more for coverage they are statistically unlikely to use.
From 50 to 65, those unfortunate disposable employees who lose their jobs before retirement age face denial of health care and possible bankruptcy should they actually receive care at their own expense. Those who survive until retirement age 65 then receive their primary healthcare from the government Medicare Program at taxpayer expense for the remainder of their lives during which they are statistically most likely to actually require health care (i.e., not from the insurance companies they have paid for 30-40 years.)
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