Originally Posted by
Dr_BuzzCzar
Let me pose a health care story. He's worked in American industry for over 30 years rising through the ranks to an executive position. This means he's maintained his health care through work-place insurance. He has a wife and two boys. Sent both boys to college. The wife is a stay-at-home because they live their version of an M/s life. He has accumulated some of the trappings of success; a house on a river, near the ocean, drives a luxury auto, has a 401K, an IRA, some mutual funds, a decent stock portfolio, plus some cash. Not rich, but comfortable. The wife gets a surprise diagnosis of Chronic Lymphocytic Leukemia after a yearly exam. There's no cure, but there's treatment to buy time waiting on technology to find that magic bullet. Her version of the disease is aggressive. She doesn't react well to the treatments and ends up with multiple hospital stays while they chase the causes. The economy goes in the tank. The division of the privately-owned business he's been running begins to struggle. Owner gets scared, decides he's closing that division down. Our subject is going to lose company insurance in a couple more months, COBRA will add another 18 months. After that he'll be paying for treatment out of those investments that have been decimated by the fall in the stock market. To put things in perspective her meds are expensive; shots that cost $4-$7k each, pills that cost $1k a month, lab tests that cost over $10k that need to be done a couple times a year, regular bi-weekly office visits, other shots, pills, tests, transfusions, etc. etc. Maybe the chemo she's taking will buy 20-24 months, maybe not. There's always the ultimate chance for this type disease, a bone marrow transplant that may offer full remission. Those cost about $500k not counting the cost of continuing care for a year or two after, and most importantly, depending on several factors, the survival rate is only about 58%.
Maybe he'll find work and regain insurance, maybe he won't. If he doesn't, 30 years of saving for a comfortable retirement will be consumed due to selling investments at these depressed prices in order to pay medical bills.
This isn't a fantasy, this is our life. The reason I have so much time to play on these forums is I have my laptop in the hospital and can get online while I sit by her bed. The rest of the time is doing the work involved in job searching.
I'm not looking for a bunch of sympathy, just pointing out that this debate on health care has a human face. A couple things going wrong can ruin lives very easily. Now odds are that I can find a decent job as I'm pretty good at what I do ( he says modestly) and we'll be fine, but there's a lot more out there that won't. Don't we deserve health care?