Originally Posted by Mulligan
...My main point was when a healthy person is faced with insurance costs that impose a huge stress on their income, there will come a point where they would drop it. I don't see healthy people who do not consume medical dollars selling their house and moving to an apartment or sell their car in order to ensure payment of their monthly insurance premium. And some I presume would drop it if it blew up their discretionary monies.
Or they may not have the income to pay the $600/month that we paid to get the $10K deductible policy that we had. Some think that putting it all on the government's tab is the solution, but with our expensive healthcare they will just raise taxes on everyone. That money has to come from somewhere. Or they will have to cut back on coverage, and the people who can afford it will have to buy supplemental insurance no differently than what people do in some Canadian provinces or European countries. There's no free lunch.
To get back to SS and Medicare, my mother used to complain about the monthly cost for supplementals, but she has not recently. I pointed out to her how much Medicare had paid for my father until he died. And my mother now goes to doctors all the time for any ailment, even minor ones. So, they got plenty out of Medicare for what they paid in. And I suspect that their conditions are not that unusual.