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Not sure what the definition of rich here is, but people in the 10% of income earners most definitely still need health insurance and suffer from illness. For e
by jdavis703 6y ago
Not sure what the definition of rich here is, but people in the 10% of income earners most definitely still need health insurance and suffer from illness. For example, my psych meds would be $1500 a month without insurance. Even on a software engineer salary, that’s quite a hit.
- TuringNYC 6y ago>> ...still need health insurance...without insurance.. I think the point is that even with health insurance you can be wiped out. I dont think any reasonable definition of FI/RE would suggest being without health insurance. The thing is that in a small % of cases, even with health insurance, you get one bad examiner, one by-the-books administrator who denies coverage for something, and you're done for.
- abraxas 6y agoSome of those dudes (eg MMM) do go without health insurance. Personally I think they are nuts unless they are OK to pack it in the moment their appendix bursts.
- sidlls 6y agoMMM is almost certainly wealthier than he lets on, started from a position of wealth more than he lets on, and derived substantial income in his “retirement” from his work on his site.
- jdavis703 6y agoThis is one of the advantages of an HMO. In an HMO it’s medical staff making these calls, not random administrators second guessing medical professionals.