However, the insurance companies get away with murder. Premiums are rising exponentially, and coverage continues to get reduced. I found myself paying out less with an HSA then I was with a traditional plan, without even taking into account the premium difference. That scares me. So if the government can figure out a way to do this without making everybody’s lives harder and raising taxes I’m all for it, but I want to see a very solid action plan before I’m getting on board.

Hopefully the system will be fixed for when I get old and needy!

You say you don’t have a problem paying more in taxes if you make over 250K now, but once you do, I bet you will feel a little differently. It’s just human nature.

Financial Samurai

I work in public health (though on the global scale) and I confess to being in support of a single-payer universal system. The US spends far too much on health care as it is (both individually and publicly) , and it’s not really all that great or accessible, even if you do have insurance. I would also like to see a greater focus on prevention, which isn’t really profitable in our current for-profit system.

Can the government run health care decently? It’s been done in other countries, so it’s possible. Not sure if it is likely in the US, given special interests and other ways of running up spending and costs unnecessarily. But insurance companies and pharmaceuticals running the system isn’t doing much good either.

If I made over 250K, I wouldn’t have a problem paying more in taxes, but then, I am not the type to overleverage and could probably spare a good chunk of my salary. But the question is what kind of product will we get for that money?

Thanks for a good post.