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My return

posted Dec 6, 2016, 7:31 PM by Thomas Stern
It has been over a year and a half since I last posted to this site.  That is certainly not a way to keep an audience.  I have been contemplating my return to posting for several months now.  The chaos of the healthcare system these days leaves plenty to write about and I think the roller coaster ride is just beginning. I knew Obamacare would implode eventually but I did not expect it this soon.  I knew Obamacare would fail because it does not do enough to control costs. The cost of a hospitalization is still unaffordable for most Americans.  The cost of a lot of pharmaceuticals are still unaffordable for most Americans.  The cost of a lot of medical equipment is still unaffordable for most Americans.  I also knew Obamacare would fail because the majority of people ended up with high deductible health insurance.  Many Americans have learned the hard way that there is a major difference between health insurance and healthcare.  Right now a lot of Americans are paying for health insurance so that they can pay the first several thousand dollars for health care too.  That is not a good formula for American families.

Health insurance is different from other forms of insurance.  Home insurance is affordable for a lot of Americans. Car insurance is affordable for a lot of Americans.  I am not an insurance expert but one of the reasons I suspect health insurance is different is that the "loss" you are insuring against is destined to happen in healthcare.  Everybody dies.  Before people die they tend to consume a lot of healthcare.  I watched 3 grandparents die and the healthcare dollars spent at the end of their respective lives was easily hundreds of thousands of dollars.  None of my grandparents had a house burn down.  I don't think any of them were ever in a major car accident.  While they were covered for catastrophic events in both cases they never had a catastrophic expense. How much would home insurance be if all insurance companies had to cover the cost of one of the homes every policy holder lived in? How much would home insurance cost if it covered all of the maintenance and upkeep for every house?  I don't have an answer but I am guessing it would also be unaffordable. 
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