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The author has phrased it awkwardly, but he's saying his insurance costs have increased more than 24x. He pays a monthly rate that is double his yearly rate in
by Infernal 10y ago
The author has phrased it awkwardly, but he's saying his insurance costs have increased more than 24x. He pays a monthly rate that is double his yearly rate in 1987, and had better insurance in 1987 to boot.
- maxerickson 10y agoI think it's pretty hard to compare insurance from 1987 to insurance from today. There's all sorts of treatments that simply didn't exist. And a lot of them are pretty expensive. There's been huge medical inflation, I don't dispute that, but new, effective treatments are going to increase the cost of insurance outside of medical inflation.
- Infernal 10y agoOh sure - to be clear, the "better insurance to boot" was just my paraphrasing of the author. I fully agree with the idea that it is hard to directly compare whether a particular insurance in 1987 is better or worse than a particular insurance in 2017, for just the reasons you stated.