One of the concerns that many folks in the United States have, including me, is that their future out-of-pocket health care costs are unknowable. I _hope_ no on

One of the concerns that many folks in the United States have, including me, is that their future out-of-pocket health care costs are unknowable. I _hope_ no one in my family gets a life-threatening disease that wipes out my savings, but that is probably wishful thinking. So far only one of my kids has had major medical issues, but who knows what the future portends. Medical bills in the US are primarily paid via employer-provided health insurance rather than a single-payer (state-funded) insurance, and that means that medical costs are one of the most common causes of personal bankruptcy [0]. So when you consider the likelihood that you or one of your family members will need long-term medical care, the low bar for "net worth stops mattering" is a lot more than the article's author is suggesting [0] https://www.investopedia.com/financial-edge/0310/top-5-reasons-people-go-bankrupt.aspx https://www.investopedia.com/financial-edge/0310/top-5-reaso...