UnThreaded | Threaded | Whole Thread (17) | Ignore Thread Prev | Next
Author: ChurchyLaFemme Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 60430  
Subject: Re: Wisconsin State Health Care Reform ... Date: 7/24/2007 9:37 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
My conservative-approved, private health insurance premiums are more than I pay in Federal income taxes. If you doubled my taxes and gave me a Gov't provided health plan, I'd come out ahead.

Personally, I'd rather pay my premium to a Gov't-sponsored program than let Aetna and Cigna siphon 20% to 30% off the top in overhead & profit to fund million dollar executive salaries, private jets and hunting lodges for the CEO, and hundreds of millions of dollars in back-dated stock options.

But that's just me.

intercst


Before my wife went on Medicare (she's 4 years older than I am) we were paying nearly $800/month in health insurance premiums (Aetna, through my former employer). Thank God I was eligible for "Bridge To Medicare" coverage, which allowed me to continue coverage at group rates although we had to pay the entire cost. Private insurance coverage would have been prohibitive.

Strictly speaking, my wife would have had to "buy" into Medicare when she turned 65. Fortunately, about 6 weeks before she officially started on Medicare, she discovered that there was a possibility that she might be eligible to have her Part A (the most expensive) paid for by the California State Teachers Retirement System. Turns out she qualified. That's saving us about $200/month as we still have to pay Part B, drug coverage and some supplemental coverage through AARP. Even with the savings, health care costs will still exceed our liability for Federal income taxes.

While not being in the same position you are, if my taxes doubled to provide coverage and eliminated all our private health care costs, I'd at least break even.

Churchy
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (17) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

Mobileye's Growth too Hot?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement