Medical Costs & Insurance Systems: Part IV
Reviewing Medical Insurance Insecurity & Increase: Part I, I pointed out that medical costs for a good basic policy in 1972 was about $100 for an individual and $170 for a family, per year. Today, prices for a family are
We spend about $4 on medial services for every $20 that we spend. How can that be?
One way of looking at things is what my CPA says, “First, let’s look at it from 50,000 feet high.” Thus when we look at our medical expenses from the point of the gross national
In the 60s, medical insurance was a FRINGE benefit, today, it’s a CORE benefit. As a single person in the 60s, the last thing on my list was medical insurance because it represented less than 2% of my overall compensation.
For two years in 1971/2, I was working in the insurance
