Like many of you, my personal health insurance is going up in November by a factor of over twenty-five percent. I’m caught in the aging baby boomer dilemma of needing to keep myself covered, because at my age, I’m just a walking pre-existing condition. But I have to wonder how long I can continue paying almost half of my income for health insurance. And all the while, a hell of a lot of the remaining half needs to be dedicated in reserve for taxes, including taxes that are health care related.
I’ve been thinking lately that while most people say they are “worth more dead than alive” as a joke, for me, it’s rapidly becoming a reality. I wonder if I’m not better off just dropping my health insurance now and facing the future without it. I mean, why pay another year of half my income when the health insurance companies tell us it’s going to get worse, not better, before I reach Medicare age? If I’m going to be forced, because of cost, to drop it next year, is it really worth it to continue it this year? I could maybe hold on and hold my nose and write the obscene checks for another year if I thought health care reform was going to help people like me. But it doesn’t sound like anything being considered on Capital Hill is going to help self-insured people like me, and even if it did, it won’t take effect for another four years. And now they’re talking about mandatory insurance? Does anyone up there realize that’s like a mandated tax of at least fifty percent of my income? Does anyone care? Continue reading