How Is Obamacare Working Out for You?

[Danzig]

Originally Posted by GenuineRisk

Thisthisthis.

I shake my head when people grouse about the inheritance tax, which will not affect any but the very wealthy, completely ignoring the fact that the cost of health care in this country amounts to a 100 percent inheritance tax on the middle class, since the majority of people incur most of their health care costs in the last six months of life and it often eats up whatever they might have had left for their descendants.

My parents' health care costs are absolutely eating up everything my dad spent his life saving for retirement. A relative who just passed away was paying $700 a month for her health insurance premium. She was regularly down to $20 in her checking account a day or so before the next SS payment came in.

another issue that has yet to be tackled....
we are living longer and longer--who's going to pick up the tab for end of life care? right now, you spend down til you're indigent and then medicaid pays-medicare doesn't after 90 days. so after 3 months, if you have to stay-you have to dig really deep. if you're married, spouse can stay in home-and keep one car. the rest have to be sold. life insurance with cash value? you have to either cash it in and give the money to the nursing home, or sign it over to the funeral home.
the average nursing home is over $6k a month for a semi-private room. that's just to stay, that doesn't include any medical care, etc. average length of stay, 2 years.

[jms62]

Originally Posted by Danzig

another issue that has yet to be tackled....
we are living longer and longer--who's going to pick up the tab for end of life care? right now, you spend down til you're indigent and then medicaid pays-medicare doesn't after 90 days. so after 3 months, if you have to stay-you have to dig really deep. if you're married, spouse can stay in home-and keep one car. the rest have to be sold. life insurance with cash value? you have to either cash it in and give the money to the nursing home, or sign it over to the funeral home.
the average nursing home is over $6k a month for a semi-private room. that's just to stay, that doesn't include any medical care, etc. average length of stay, 2 years.

And now they are saying babies born today could live to 120 or longer. Does anyone ever think about the unintended consequences of this? There isn't enough resources, food, water, jobs to support the current inhabitants of this rock we live on. Think how bad it will be if people start living longer and longer? As I told my friend , the way things are I'm happy that I am mid-way into the far turn

[dellinger63]

Originally Posted by jms62

And now they are saying babies born today could live to 120 or longer. Does anyone ever think about the unintended consequences of this? There isn't enough resources, food, water, jobs to support the current inhabitants of this rock we live on. Think how bad it will be if people start living longer and longer? As I told my friend , the way things are I'm happy that I am mid-way into the far turn

I'm just hoping it's a 6 furlong race and I don't have to go around again.

[Danzig]

Originally Posted by jms62

And now they are saying babies born today could live to 120 or longer. Does anyone ever think about the unintended consequences of this? There isn't enough resources, food, water, jobs to support the current inhabitants of this rock we live on. Think how bad it will be if people start living longer and longer? As I told my friend , the way things are I'm happy that I am mid-way into the far turn

yeah, i know of life insurance policies that don't mature til age 120-used to be 100. more and more are living past age 100.
thankfully we are having less kids here, and hopefully eventually less all over (hey, catholic church, quit with the preaching against birth control-be fruitful and multiply can only go so far).
current population growth was .7% when i last looked-without immigration, we'd have negative growth.

but yeah, we don't have infinite resources. last i heard we still just have the one planet.


The population of the world is 7.28 billion people as of January 2015.
•During the 20th century alone, the population in the world has grown from 1.65 billion to 6 billion.
•In 1970, there were roughly half as many people in the world as there are now.
•Because of declining growth rates, it will now take over 200 years to double again.


it better not double again. a study i read about not long ago said the max capacity for earth is 10 billion.