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Startups will be out of reach of many in the US until we have a much more robust baseline of public services. First and foremost being health insurance of cours
by atomicnumber3 4y ago
Startups will be out of reach of many in the US until we have a much more robust baseline of public services. First and foremost being health insurance of course.
I would love to start the kind of lifestyle (or "non-scaling" as you put it) business, but right now it's a complete non-starter for me because getting a health insurance policy for my entire family would be comically expensive.
It's even been harder for me interviewing with smaller startups because compared to single people, my insurance premiums are bonkers.
- threadweaver34 4y ago6 months of FAANG severance is better than 2 years of government social safety net, even with a good government.
- mynameisnull 4y agoIt’s anecdotal but, I’ve personally known multiple high 200-400k a year earners who went bankrupt or near bankrupt over only medical bills. I myself nearly did. The cost of catastrophic situations is still ultimately too high in the US without or with insurance.
- abdabab 4y agoI thought health insurance puts a cap on how much you can get charged. Could you add a little how that can happen?
- dragonwriter 4y ago> I thought health insurance puts a cap on how much you can get charged. Instead of annual out-of-pocket maximums that are mandatory under the ACA and make that unlikely, plans used to have kind of the reverse: lifetime coverage caps that particularly severe conditions could exceed. (This is one of the reasons premiums are higher for superficially similar—e.g., what services are covered and at what cost sharing rule befoee reaching caps—coverage under the ACA.) I can't see how it can happen post-ACA, unless the condition as a practical matter requires services that are entirely outside the scope of coverage.