After a year of non-stop mind-numbing partisan rhetoric on health care, it’s been a relief to hear the sweet sounds of silence since the Big Bill passed. However, I got a reminder recently that the issue is still with us.
I turned 60 this year, and as a birthday present my health care insurance company increased my rates.
As a self-employed person, I buy catastrophic insurance from Blue Shield. I’ve had the policy for years. Kaiser would be cheaper, but in terms of pay-for-service, I believe this is the cheapest insurance I can get for two adults. The deductible is $5,000, so most years we pay for all our doctor bills, prescriptions, etc. on top of our insurance premiums.
The annual insurance bill now is $21,168.
Is this sustainable? I don’t think so. According the Census Bureau, the median family income in 2007 was $50,000. Who can afford to pay 40% of their income for health insurance?
I don’t know what the answer is, but I’m pretty sure we don’t have it yet. So brace yourself for more mind-numbing partisan rhetoric.
Tags: health care