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Re: SCOTUS LIVEBLOG - Obamacare Mandate Survives-Part 2
Medicare is based on paying in for your entire working life and than getting coverage beginning at age 65 IFF you live that long. Remember that medical care is about 1/6 of the U.S. economy, so a REASONBALE rate would be 18% of your income to cover those costs for "free"; that is FAR higher than most would agree to pay. The alternative is to pay all that you have at the time, go bankrupt, and then you qualify for medicaid. My preference is for "catastrophic" medical care insurance that has a high annual deductable and pays 100% of costs above that limit. It would be much more affordable, and still protect you from absolute bankruptcy for a major illness/injury. Unfortunately PPACA outlaws that type of reasonable insurance since it is of little value to the very poorest people and not as profitable for insurance companies as the "standard" policies that we now have.
Medicare is based on paying in for your entire working life and than getting coverage beginning at age 65 IFF you live that long. Remember that medical care is about 1/6 of the U.S. economy, so a REASONBALE rate would be 18% of your income to cover those costs for "free"; that is FAR higher than most would agree to pay. The alternative is to pay all that you have at the time, go bankrupt, and then you qualify for medicaid. My preference is for "catastrophic" medical care insurance that has a high annual deductable and pays 100% of costs above that limit. It would be much more affordable, and still protect you from absolute bankruptcy for a major illness/injury. Unfortunately PPACA outlaws that type of reasonable insurance since it is of little value to the very poorest people and not as profitable for insurance companies as the "standard" policies that we now have.