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Cancer Complications: Confusing Bills, Maddening Errors And Endless Phone Calls
11–20 of 369 posts
Re: Cancer Complications: Confusing Bills, Maddening Errors And Endless Phone Calls
#12I wonder what the downstream effects of this are on building generational wealth. 100 years ago, when your parents died, you might inherit a home or a small amount of money. That then helped uplift the next generation. Now, if your assets are drained, you have a reverse mortgage, etc, there's nothing to pass on except for the very wealthy.
Cancer sucks.
Re: Cancer Complications: Confusing Bills, Maddening Errors And Endless Phone Calls
#13When I was in my early 20s, I got myself a beefy life insurance policy that covers suicide after some waiting period that has expired many years ago. I know that in case of crippling illness I can always take the easy way out while preserving my assets plus the life insurance payout. My family would be taken care of.
Re: Cancer Complications: Confusing Bills, Maddening Errors And Endless Phone Calls
#14GDPR-friendly: https://text.npr.org/s.php?sId=696321475
Thanks!
Re: Cancer Complications: Confusing Bills, Maddening Errors And Endless Phone Calls
#15My plan in a situation that would burn up all of my assets for little guarantee of meaningful gains is to off myself to prevent using up my family's assets. I wouldn't want to sacrifice the future of the rest of my family to milk a couple more years, especially with reduced quality of life. Assuming I'm mentally strong enough to, anyway. Although, nowadays with mandatory out of pocket maximums, if you have insurance, this shouldn't be as widespread of a problem.
Re: Cancer Complications: Confusing Bills, Maddening Errors And Endless Phone Calls
#16Moving to Switzerland, you'll be compelled by law to get health insurance and you will be covered no matter what for roughly 500 bucks a month with a 300$ deductible.
Re: Cancer Complications: Confusing Bills, Maddening Errors And Endless Phone Calls
#17This is a 2019 article covering a study that covers 2000 to 2012 and doesn't mention the Affordable Care Act signed into law in 2010. Insurance landscape has changed quite a bit in the USA since ACA, which makes this not very interesting. What I would be interested in is repeating the study now and comparing results.
Re: Cancer Complications: Confusing Bills, Maddening Errors And Endless Phone Calls
#18More than 42% of 9.5M people with cancer drained life's assets within 2 years in the US .
The publication is NPR so that it is US news goes somewhat without saying. However, this is something that Americans need to understand is exceptional for a nation of its resources.
Re: Cancer Complications: Confusing Bills, Maddening Errors And Endless Phone Calls
#19More than 42% of 9.5M people with cancer drained life's assets within 2 years in the US .
Important distinction. Most western countries don't bankrupt you for getting old or sick.
Oh boy, did i say something which wasn't Pro-'Merica?
Re: Cancer Complications: Confusing Bills, Maddening Errors And Endless Phone Calls
#20I think that's just a corollary of "63% Of Americans Don't Have Enough Savings To Cover A $500 Emergency": https://www.forbes.com/sites/maggiemcgrath/2016/01/06/63-of-... EDIT: My comment is in reference to the old thread title, which was something like "More than 42 percent of the 9.5 million people diagnosed with cancer from 2000 to 2012 drained their life's assets within two years"
That was my initial thought, and it's definitely related, but the term used here is assets which people generally have a lot more of then just raw cash savings.