Universal healthcare, if implemented, will cost everybody dearly

Way back in the seventies and eighties, companies provided health insurance as part of the
compensation package. It was true insurance. It only covered certain services. For a doctor
visit, you would pay in advance and be reimbursed by the insurance company according to the
policy. By mid-nineties, the companies started withholding a premium from employees. The
premium has been going up and up every year.

Today, the cost has reached an unreasonable level and I doubt that you get better service. The
reasons for the price increase are numerous and complex, mostly have to do with government
mandates, unreasonable demand from population and liability insurance doctors and hospitals
must carry. This is no more health insurance. It resembles membership in a health-care club.

Healthcare cost is already unsustainable and unaffordable by many small and even medium size
businesses. Individual health insurance policies are very hard to get and are prohibitively
expensive. Monthly premiums reaching the cost of a home mortgage are not unusual.
Some sort of government-run program is very likely to be adopted very soon. In fact, Social
Security and Medicare is such a program already in place. To get an idea what to expect from a
nationalized healthcare program run by the government, take a look at the scenario below.

Social Security Is A Government Handout And Medicare Is Not Free

If you wander how a nationalized government health program would work, take a look at Joe’s
story below. It is a true story.

My friend Joe expected to retire at the age of 65 and collect $1,650 per month in social security benefits. At the age of 61 he was out of work and had to get a low paying job in retail. By the age of 62, Joe was broke and had to apply for early/reduced social security benefits amounting to $1,450 per month.

At the age of 65 when Medicare kicked in, his social security check was reduced by $100 (Medicare premium). In the year prior to reaching 65, Joe exceeded the $11,000 a year threshold defined by the social security rules and was taxed 50% on the amount above the $11,000. It amounted to an overpayment of two social security checks.

Joe is 66 now and his social security check is $1,200 per month.

Find out the full story at Social Security Is A Government Handout And Medicare Is Not Free

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