tag:blogger.com,1999:blog-7290155340455887495.post6606545832476941384..comments2023-10-30T00:43:35.796-07:00Comments on Phil Hauck's TEC Blog: Sick Care Industry StatsPhil Hauckhttp://www.blogger.com/profile/13213117638067258775noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7290155340455887495.post-19665513634265852482013-11-19T08:28:37.984-08:002013-11-19T08:28:37.984-08:00Phil, Health care costs are our biggest single exp...Phil, Health care costs are our biggest single expense. My wife's coverage, (she's not old enough for Medicare), costs over $500 per month...for a policy with a $5,000 deductible. We're 'incentivized' to hold down her medical costs...because we end up paying them out of pocket... As for those of us on Medicare, there are zero incentives for holding down costs. I rarely see a bill for anything other than my Medicare Deduction from Social Security and my supplemental insurance charges. Recently, my wife had 2 cataract surgeries. It was interesting to learn that if we applied her 'insurance' against the procedures, the net out of pocket expense would have been about $1,200 more than if we paid cash!<br /><br />It boggles my mind to think about the issues and expense for small business as regards health care and related costs. A self employed person with a family is really hammered. Our doctor told me that he is paying over $1,700 a month for health insurance for his family of 5...and this is a relatively young family! <br /><br />Take Care, Big Daddy Dave Davidhttps://www.blogger.com/profile/00419231123238788903noreply@blogger.com