Reply to How much to retire in late 50's?

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[quote=Anonymous][quote=Anonymous] :roll: 
Health insurance is going to be just as expensive regardless of whether "cost sharing" payments are changed.  It is just a question of whether the policy holders pay for or the taxpayers.

The only way to change the cost of health insurance is to change its attributes: what it covers, what the co-payments are, and to what extent the insurers get a break and health service pricing and the extent to which they pass these through to policy holders through billing practices.

[b]Paying for pre-existing conditions is fundamentally not insurance[/b].  It is a direct subsidy from other policyholders or taxpayers to people with pre-existing conditions.  Unless politicians start talking honestly about insurance issues, we are never going to get out of this mess.
Remember, if it truely costs $30K per year for healthcare, that is roughly half of the median household income in the country.  That is simply unsustainable.[/quote]
PP here.. I agree with you, but doing away with ACA won't solve the issue faced by OP and others who want to retire early.  That was the point. And I know that private insurance pre-ACA was also expensive because I've had it for about 20 years off and on.

But I disagree with the bolded. This is part of insurance. It's spreading the risk.

However, even if it's not "fundamentally insurance",  a country that has a system that tells those with pre-existing conditions that you are SOL in terms of the private insurance market is one that doesn't care about sick people, which is millions.  There's something deeply wrong with this.

Like I said, the older you get, the more prone you are to pre-existing conditions. Rs want to go back to a system where the insurance companies can exclude covering your pre-existing conditions. What's the point of insurance then when you know that more than likely it's the pre-existing condition that you will need treatment for?  Might as well not get insurance and use the money you'd spend on premiums to pay for your pre-existing condition illness.   Oh, but then you get sick with something else and then what?  Then that becomes a pre-existing condition, and next year, the insurance company can decide to stop covering that.  This is a crazy system.

OP, we are in the same boat as you, but we pay for private insurance now and know how expensive it is and will be in the future.  Either ACA will make it even more stupidly expensive, or the R plan will not cover those illnesses you are prone to get as you age.   Either way, older  Americans who don't qualify yet for medicare are screwed.

I would seriously consider taking an easy job in my late 50's just for the insurance but so many places don't want to hire older people. Again, either way, we're screwed.[/quote]

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