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This is a really good argument for subsidized medical care. This fear of not having enough for medical expenses is perfectly reasonable, and I wouldn't fault so
by drblast 9y ago
This is a really good argument for subsidized medical care. This fear of not having enough for medical expenses is perfectly reasonable, and I wouldn't fault sometime for hoarding cash for a second.
Solve the inherited inequality problem with inheritance taxes or guarantee medical care. Otherwise of course people will save for medical expenses. And they should, it's prudent.
- cylinder 9y agoRetirees do have Medicare though, but with any socialized medical system you won't be covered for everything
- incompatible 9y agoWhere I live, you still have to pay for opticians and dentists, and perhaps other medical treatments if you don't want to stay in a queue for a year or so.
- lutorm 9y agoExactly. In the absence of a socialized health care system, each individual is forced to plan for the worst case rather than the average case.
- refurb 9y agoThis is a really good argument for subsidized medical care. You mean like Medicare? The US already has that for retires. You mean retires that have no money? The US already has that, it's called Medicaid.
- Spooky23 9y agoThe US option is full coverage for the indigent and partial coverage for the old. If you need nursing care, you lose everything. Typically that means that when husbands get sick, the wife is left near indigent unless he dies quickly or the couple did estate planning with trusts.