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Search: Posts Made By: Michael
Forum: Health and Early Retirement 01-15-2008, 12:00 AM
Replies: 3
Views: 1,164
Posted By Michael
Insurance is another factor. Medicare doesn't...

Insurance is another factor. Medicare doesn't generally cover overseas doctors, and many private policies only cover emergency treatment outside their state. It is mostly the uninsured middle class...
Forum: FIRE and Money 01-02-2008, 09:33 PM
Replies: 9
Views: 1,865
Posted By Michael
I can't imagine a CD keeping up with medical...

I can't imagine a CD keeping up with medical inflation. Maybe Vanguard's health care mutual fund, or some such (no guarantees with such funds). The Fidelity estimates of money needed for medicine...
Forum: FIRE and Money 10-22-2007, 09:45 AM
Replies: 61
Views: 7,397
Posted By Michael
Okay, in general essentials are going up fast,...

Okay, in general essentials are going up fast, and non essentials are going up slowly. If you are a LBYM type person, your CPI may be higher than the official one. If you are a prodigious spender,...
Forum: FIRE and Money 10-21-2007, 12:35 PM
Replies: 61
Views: 7,397
Posted By Michael
I never understood how anyone could think that...

I never understood how anyone could think that more transistors per square inch of silicon requires increasing the price of food to compensate.
Forum: FIRE and Money 10-19-2007, 03:18 PM
Replies: 61
Views: 7,397
Posted By Michael
Before the 60s and 70s, Congress made occasional...

Before the 60s and 70s, Congress made occasional adjustments for inflation/wages. In 1972, benefits were automatically indexed to inflation. The 4 Historical Misunderstandings About Social Security...
Forum: FIRE and Money 10-19-2007, 10:19 AM
Replies: 61
Views: 7,397
Posted By Michael
On January 31, 1940 Ida May Fuller received the...

On January 31, 1940 Ida May Fuller received the first Social Security check of $22.54 (a month). Using the CPI to adjust it to today's money, it would be $335.67 Most of the CPI adjust was for...
Forum: FIRE and Money 10-19-2007, 06:06 AM
Replies: 61
Views: 7,397
Posted By Michael
Using pre 1980 methods, inflation would be...

Using pre 1980 methods, inflation would be calculated at approx 10%. Using pre early 90s methods, inflation would be calculated about 6%. Detroit was forced to lease cars instead of selling them...
Forum: Health and Early Retirement 10-07-2007, 09:35 PM
Replies: 37
Views: 3,407
Posted By Michael
The 10 year annualized return of VGHCX is 14.63% ...

The 10 year annualized return of VGHCX is 14.63% That would have come pretty close to keeping up with past medical insurance inflation, but future return numbers are not available yet.
Forum: Health and Early Retirement 10-07-2007, 08:49 PM
Replies: 37
Views: 3,407
Posted By Michael
Thanks Martha. I guess seeing the 15% and 18%...

Thanks Martha. I guess seeing the 15% and 18% increases retire@40 reported made me a bit too pessimistic.
Forum: Health and Early Retirement 10-07-2007, 07:58 PM
Replies: 37
Views: 3,407
Posted By Michael
My attempt to sum up recent discussions. To be...

My attempt to sum up recent discussions. To be safe prospective ERs should set aside a bit less than 1M per person for medical expenses, and anything over that can be used to live on. Much less...
Forum: Health and Early Retirement 10-03-2007, 07:42 PM
Replies: 31
Views: 2,721
Posted By Michael
Okay, I see the difference. That seems to be the...

Okay, I see the difference. That seems to be the way poll leader Hillary is trending. Open up the federal programs to everyone, and mandate that everyone buy coverage if they don't already have it.
Forum: Health and Early Retirement 10-03-2007, 04:26 PM
Replies: 31
Views: 2,721
Posted By Michael
So the general consensus seems to be that there...

So the general consensus seems to be that there is no realistic way to reform the US system so as to make medicine that is affordable to the middle class available here. The only options being left...
Forum: Health and Early Retirement 10-01-2007, 08:25 PM
Replies: 31
Views: 2,721
Posted By Michael
Thanks Rich. I will give some thought to the...

Thanks Rich. I will give some thought to the system, and to the accrediting issues mentioned in the article.
Forum: Health and Early Retirement 10-01-2007, 07:46 PM
Replies: 31
Views: 2,721
Posted By Michael
According to the article, 500,000 Americans went...

According to the article, 500,000 Americans went overseas for treatment last year, and the number is rapidly rising. Why not just let foreign hospitals set up branches here, and staff them with...
Forum: Health and Early Retirement 09-19-2007, 07:32 AM
Replies: 50
Views: 5,190
Posted By Michael
Hillary wants to open up Medicare to all....

Hillary wants to open up Medicare to all. Medicare part A costs $410/mo. now for those who pay for it themselves. Part B is another $93.50/mo. The prescription program would add about another $25/mo....
Forum: Health and Early Retirement 09-15-2007, 07:46 AM
Replies: 19
Views: 2,409
Posted By Michael
Interesting. This sounds more like a regulated...

Interesting. This sounds more like a regulated monopoly than a free market. In a free market, competition keeps costs down and quality high. In regulated monopolies, gov grants the monopoly...
Forum: Health and Early Retirement 09-15-2007, 05:42 AM
Replies: 19
Views: 2,409
Posted By Michael
I moved into a new bracket in one of the years,...

I moved into a new bracket in one of the years, but the others are inflation.



You are correct that the free market model is incapable of providing free or below cost services. The only way a...
Forum: FIRE and Money 09-14-2007, 03:54 PM
Replies: 43
Views: 4,606
Posted By Michael
All I know is that the CPI goes up every single...

All I know is that the CPI goes up every single year, despite Wal Mart. Consumers save nothing if prices overall are rising.
Forum: Health and Early Retirement 09-14-2007, 03:49 PM
Replies: 19
Views: 2,409
Posted By Michael
Mine went up 17% 3 years in a row, and 20% last...

Mine went up 17% 3 years in a row, and 20% last year. I must be doing something wrong.
Forum: Health and Early Retirement 09-14-2007, 08:38 AM
Replies: 19
Views: 2,409
Posted By Michael
This article suggests free markets lead to cheap...

This article suggests free markets lead to cheap prices, and central planning via regulations lead to high prices:

Health Care Blog...
Forum: Health and Early Retirement 09-06-2007, 01:02 AM
Replies: 19
Views: 2,409
Posted By Michael
Health insurance rate of increase is way beyond...

Health insurance rate of increase is way beyond the CPI, making it difficult to know how much to plan for.
Forum: Health and Early Retirement 04-10-2007, 12:40 AM
Replies: 6
Views: 1,975
Posted By Michael
Forum: Other topics 09-21-2006, 12:52 PM
Replies: 10
Views: 1,749
Posted By Michael
Re: Computer Question: Reinstall

I thank you all for your advice. I will ponder what to do.
Forum: Other topics 09-21-2006, 04:52 AM
Replies: 10
Views: 1,749
Posted By Michael
Computer Question: Reinstall

My father wants to reinstall his Windows ME operating system due to bad files, but his computer will not boot from the manufacturer's CD ROM reinstall disk. His setup screen shows that the CD is set...
Forum: Other topics 06-01-2006, 05:41 AM
Replies: 31
Views: 3,648
Posted By Michael
Re: "My first MRI"

Don't worry about the MRI. All you have to do is stay still, and listen to the music of your choice. I found it very relaxing. No pain at all.
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