[dyauspitr]

What about maximum out of pocket maximums? All expenses are capped at like $15k per year right?

[lostlogin]

> capped at like $15k per year right?

That’s a lot of money for most retirees.

[dyauspitr]

It’s not that much money considering the crazy amount of hospital time and advanced treatments administered. That’s 25% of the average annual salary in the United States and you should be able to pay that for once in a lifetime treatments.

[dragonwriter]

> That’s 25% of the average annual salary in the United States

It's about 25% of the median annual full-time salary (but only ~70-75% of those employed in any given year are employed full-time for the whole year.)

More to the point, since salary doesn't tell you what people have lying around for emergencies, its more than double the median household total savings.

Even more to the point, population medians or avergaes for things like salary are not really applicable to subsets of the population like “retirees”.

[lostlogin]

I’m surprised how high the average wage is, but despite that, many have little in savings.

Around a third of Americans have less than $1000.

https://www.forbes.com/advisor/banking/savings/average-ameri...

[dyauspitr]

Still, it’s good to keep in perspective during these discussions where it’s made to seem like people are being asked to pay millions for healthcare that were not really talking about bills that high.

[lostlogin]

I don’t think that matters - if you can’t afford $15k, the bill might as well be $10 million, as you still can’t pay.

[dyauspitr]

Nonsense. You can go into debt for $15k. Plenty of places will give you that much even with terrible credit. No one is giving you $10 million.

[olelele]

for a majority of ppl on earth even