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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 59087  
Subject: 2013 health insurance increase Date: 11/23/2012 7:00 PM
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Mine's going up 7.5%

intercst
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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 46354 of 59087
Subject: Re: 2013 health insurance increase Date: 11/23/2012 7:09 PM
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I should add that 7.5% is a welcome change from the 25% to 35% annual increases I "enjoyed" during the Chickenhawk Decade of Bush/Cheney.

intercst

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Author: alstroemeria Big gold star, 5000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 46358 of 59087
Subject: Re: 2013 health insurance increase Date: 11/24/2012 8:58 AM
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I wonder how much the cost of health insurance will go up if Republicans succeed in moving up the age to qualify for Medicare--what do you think private companies will charge for age 65+? I think SP's $1271/mont IIRC would pale in comparison. How many 65-70 year olds can afford to pay $2k/month--apiece in the case of couples--for health insurance? We couldn't, and we're better off than most.

Since DH worked for the state of SC for 10 years and is over 60, he can keep employee health insurance--at employee rates--even though he's retiring. (He's grandfathered--a few years ago they changed it to 15 years + age 60. IIRC, 25 years + age 55 changed to 28 years.) When you turn 65, this plan morphs into a Medicare supplemental at the same cost (even though Medicare now covers hospitalization and a few other things). If the GOP succeeds in requiring people to turn 66, 67, 68... to get Medicare, I suspect our insurance cost will jump very high in the years from 65 to whenever Medicare starts--or maybe they'll share the load to keep premiums level at all ages, forcing state employees in their teens, 20s, and so forth to pay higher rates to cover those over 65 and not yet in Medicare.

Not to mention that if Medicare starts later than 65, healthier people will be peeled off the bottom, leaving sicker folks, higher Medicare costs, and fewer premiums to pay for it. I think it's a polot to "starve the beast." IMO we ought to go in the other direction, starting Medicare younger to add more healthy people to the program, perhaps age 62 to match Social Security or even age 60. At age 63, neither DH nor I have in any year cost our insurance companies over the years as much as the premiums we paid, even though I have some health issues.

SOME DATA

"Retired baby boomers left their jobs at an average age of 60 for men and 57 for women. Over a quarter (29 percent) of those surveyed retired between ages 56 and 61, and 20 percent retired at age 62. Just over a third (36 percent) of these boomers say the main reason they retired was because they reached retirement age and wanted to. But about half (51 percent) of retired boomers report they retired earlier than they originally expected to.
...
Just 6 percent of the baby boomers surveyed retired primarily because they had enough money and could afford to."

http://money.usnews.com/money/blogs/planning-to-retire/2012/...

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Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 46359 of 59087
Subject: Re: 2013 health insurance increase Date: 11/24/2012 10:10 AM
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alstro whines:"If the GOP succeeds in requiring people to turn 66, 67, 68... to get Medicare, I suspect our insurance cost will jump very high in the years from 65 to whenever Medicare starts--or maybe they'll share the load to keep premiums level at all ages, forcing state employees in their teens, 20s, and so forth to pay higher rates to cover those over 65 and not yet in Medicare."

Right...we'll just tap the money fairy to pay for all the subsidized Medicare.

You do realize that folks on Medicare pay 1/4 of the amount that it actually costs to provide them insurance?


And that if we extend it down to 62 or 60...... that we'll add trillions and trillions that your kids, grandkids will have to pay the interest on and they'll have lower and lower standards of living as you borrow more and more to fund your 'freebies'.....

But heck, punish the future generations with unsustainable debt. They too can look forward to 25% unemployment and a much lower of standard of living as you .....just like in Greece and Spain. And among the youth the unemployment is pushing 50% in Spain and Greece.

We'll just keep borrowing ever exponentially growing amounts of debt. Total debt load doubling every 10 years between state/federal/corporate and private debt. Now at 60 trillion, will be 120 trillion by 2020 ...and in another 10 years will be 240 trillion......or 15 times GDP.....which won't happen. That would require every dollar of income go to just paying the interest on the debt.......

But heck, let alstro whine for more subsidies and freebies. Let's extend the bankrupt entitlement programs even futher. Put more and more on food stamps and SS disability. After all, Obama has lots of Obama bucks he's borrowing from your kids, grandkids......

It's like you running up 100,000 bucks on your credit card, living it up, then complaining when the credit card companies shut you off......and not only has your spending binge come to an end, you now have 100,000 bucks worth of debt to pay off and your standard of living will be a LOT lower.....for the rest of your life. That's what your kids have to look forward to....courtesy of YOU and your 'entitlement mentality'.

But make that 100 trillion in public and private debt.......and you got the picture we'll have long before the year 2020.


t.

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Author: BlueGrits Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 46360 of 59087
Subject: Re: 2013 health insurance increase Date: 11/24/2012 11:14 AM
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DW's employer changed carriers so we got almost no increase at all from the previous contract let two years ago. The biggest difference I can see comes from the caps on the supplemental coverages for dental and optical.

I that, though, that we keep swapping carriers and each time have to see whether or not our doctors are in the plan.

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Author: feedmeNOWhuman Big funky green star, 20000 posts Top Recommended Fools Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 46361 of 59087
Subject: Re: 2013 health insurance increase Date: 11/24/2012 2:55 PM
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We'll just keep borrowing ever exponentially growing amounts of debt. Total debt load doubling every 10 years between state/federal/corporate and private debt. Now at 60 trillion, will be 120 trillion by 2020 ...and in another 10 years will be 240 trillion......or 15 times GDP.....which won't happen. That would require every dollar of income go to just paying the interest on the debt.......

But heck, let alstro whine for more subsidies and freebies. Let's extend the bankrupt entitlement programs even futher. Put more and more on food stamps and SS disability. After all, Obama has lots of Obama bucks he's borrowing from your kids, grandkids......





Deficits don't matter.

-The GOP

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Author: olRoger One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 46370 of 59087
Subject: Re: 2013 health insurance increase Date: 11/25/2012 12:12 AM
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The biggest part of the problem with Medicare is the poison pill, the unfinanced part D instituted by Bush (to kill it) and extended and enhanced by Obama (as intended in original trap). If Obama did not cover the doughnut, he would have lost too much of seniors, but seniors now feel entitled to drug and thankful to Repubs for benefit. And this is reason to cancel all on Medicare and sentence seniors to no plan, only pay as you go until bankrupt.

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Author: alstroemeria Big gold star, 5000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 46373 of 59087
Subject: Re: 2013 health insurance increase Date: 11/25/2012 7:49 AM
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The biggest part of the problem with Medicare is the poison pill, the unfinanced part D instituted by Bush (to kill it)

I'm pretty cynical, but I hadn't thought of that, and I believe you're right. (I only thought W's Part D was a ploy to get votes from seniors and the middle-aged children who who helped support them--a ploy that worked).

I am rereading Clan of the Cave Bear and The Valley of Horses over the holiday weekend (<TOTEM> knows, I do not dare venture forth in shopping madness this weekend!). I'm beginning to think Americans should each set up a pharmacopia (accent on herbal remedies) at home in case of health insurance loss if not for simple reason of efficacy... similar to having an e-fund.

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