11–20 of 102 posts
I'm having identical twins, classified as high risk. The cost is mind-boggling. I've already paid $7000+ out of pocket, and they have not even been born yet. Costs are mostly related to having to do ultrasounds all the time, and one MRI.
What insurance plan can result in $7k out of pocket for unborn children?
The article points to housing as one of the largest factors of raising a child, and mentions healthcare as well. To my very limited understanding, we calculate inflation from some fixed [per comments below: not entirely fixed] index of consumer goods prices [per comments below: which include some notional aggregate of rent]. Is it possible that instead of saying "The cost of children, housing, healthcare, and educati…
> we calculate inflation from some fixed index of consumer goods prices CPI includes housing, healthcare and tuition. The basket isn’t fixed, e.g. 1999 CPI didn’t include cell phone data costs.
Earlier quoted context omitted.
> we calculate inflation from some fixed index of consumer goods prices CPI includes housing, healthcare and tuition. The basket isn’t fixed, e.g. 1999 CPI didn’t include cell phone data costs.
It includes rental, not purchasing homes
Home prices work their way in through owner-imputed rent, i.e. the rent offset by owning the home. Home purchases include a utilitarian portion (the housing) and a speculative portion (the investment gains). We don’t include the stock market in inflation; we similarly don’t include housing prices beyond the housing utility. Nobody has to purchase a home; everyone needs a place to live.
Every study that tries to include housing prices finds an inflation figure lower than CPI [1].
[1] https://seekingalpha.com/article/4173463-cpi-housing-prices
I'm having identical twins, classified as high risk. The cost is mind-boggling. I've already paid $7000+ out of pocket, and they have not even been born yet. Costs are mostly related to having to do ultrasounds all the time, and one MRI.
What insurance plan can result in $7k out of pocket for unborn children?
Yes, folks outside the US, we here in America try to time pregnancies over bullshit details of how our insurance plans work. At least anyone who's thought about it does. Those who haven't get a nasty surprise, and pay (up to) double.
Earlier quoted context omitted.
What insurance plan can result in $7k out of pocket for unborn children?
A very poor one it sounds like. Even a high deductible plan shouldn't have an out of pocket expense that is that high.
Earlier quoted context omitted.
It includes rental, not purchasing homes
> It includes rental, not purchasing homes Home prices work their way in through owner-imputed rent, i.e. the rent offset by owning the home. Home purchases include a utilitarian portion (the housing) and a speculative portion (the investment gains). We don’t include the stock market in inflation; we similarly don’t include housing prices beyond the housing utility. Nobody has to purchase a home; everyone needs a pla…
You cannot include for sale housing in the index because the price paid is a speculation/estimate by the buyer (future looking)
Rent is a snapshot of today's price.
I'm having identical twins, classified as high risk. The cost is mind-boggling. I've already paid $7000+ out of pocket, and they have not even been born yet. Costs are mostly related to having to do ultrasounds all the time, and one MRI.
ps- if you think this is an endorsement of the situation, think again; simply a cold-blooded game theory thought on a most emotional topic
I'm having identical twins, classified as high risk. The cost is mind-boggling. I've already paid $7000+ out of pocket, and they have not even been born yet. Costs are mostly related to having to do ultrasounds all the time, and one MRI.
If you knew you would be having a baby one year, wouldn’t it make sense to pay a higher premium for a better plan with a low or 0 deductible? Or does the math still not work out?