No. of Recommendations: 0
When I say our system bankrupts individuals, I'm referring to the fact that we now pay approximately $6,000+ per person/year for health coverage. An employee may not be paying much of that directly (it varies), but the money IS going to the insurers. The employee doesn't "see" that money, but it's money that could have been paid in wages but went, instead, to the insurers.

Only $6000? England pays more than that.

For that matter, your $6000 figure is passably close to correct... for DW and I *together*. It's actually closer to $7500, or less than $4000 each for medical, dental, and vision. We have pretty good employer-provided insurance.

Meanwhile, the US national government pays about $7000 per capita for medical-related stuff. For everyone in the country. Even though it actually provides care or coverage for a small percentage.

And of course while employer-provided health insurance is assumed to come out of real wages, government-provided health care or coverage is assumed NOT to come out of the taxes we pay...
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.