Health Insurance

The link is about healthcare inflation but I want to comment on one of the charts that shows health insurance costs over time.

Health Care Costs Are Soaring, So Why Does the CPI Show Falling?

A couple things.

1.   

The total healthcare coverage cost for a family is $23,968 a year or $1,997 per month. Employers pickup most of the cost but some people don't have employers to pick up the tab.

$2,000 a month is a crazy amount. 

The average home mortgage payment was $2,317 with the median being $2,051. Zillow shows median rent is $2,020.

So for someone wanting to retire early, start a business, out of a job or with a no-insurance job health insurance costs as much as a place to live.

Health insurance and rent total to about $4,000 per month or $48,000 per year.

Median family income for the US in 2020 was $74,580. 

The health insurance industry made $16 billion ($16,000,000,000) in net income in the first 6 months of 2022.

How fucked up is that?

2. 

The cost has been rising at about the same rate since 2000 with a slight dip about the time Obama started looking into ways to cut healthcare costs.

So... everyone who thinks Obamacare fucked up the heathcare system is just fucking wrong.

Our for-profit health care system is the problem.

3. 

We need medicare for all !!