Reply to How would you feel about losing your company-provided health insurance for "medicare for all"?

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Reply to "How would you feel about losing your company-provided health insurance for "medicare for all"?"

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[quote=Anonymous][quote=Anonymous]I think it’s cute that someone believes you can afford the entire private insurance premium of anyone for $700/month.

With Cobra when I lost a job 20 years ago, they handed me paperwork for $800+/month[/quote]

Keep in mind what's going on here, because in spite of the crazy-high-sounding prices, it's actually a pretty good deal a lot of the time.  At least, if you're middle-aged or older.

Under COBRA, you're just paying the full premium yourself.  There's no COBRA penalty- you're just loosing the subsidy your employer previously provided.  COBRA reflects the actual cost of your health insurance plan.  People complain about the high costs of ACA marketplace plans, but I think that's because they're not thinking of the total premiums for their private group insurance plan.  Often they're comparing the prices for older people, too, who can be charged more for the ACA plans, while employers usually just have a fixed premium for everyone.

Basically, health coverage is very expensive.  A single player system might, perhaps optimistically, reduce some inefficiencies and cut 10-20% in overall costs.  But it would still be very expensive.

I guess the moral of the story is that we're well past the point of no return when it comes to requiring massive subsidies (either from the government or employers) to pay for health coverage.[/quote]

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