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Why? Each one is life changing event. Just because some part of the bill is paid by the government does not mean it is any less worth worrying about.
by constantcrying 2y ago
Why? Each one is life changing event. Just because some part of the bill is paid by the government does not mean it is any less worth worrying about.
- brewdad 2y agoThose events will always come with challenges but at least bankruptcy won't be one of them.
- constantcrying 2y agoWhy not? If you are a startup founder you might have significant capital invested and be in debt. The government will not pay your companies bills while you are unable to work. I think a VC funding you is a much better security against any of these events than health insurance being forcibly deducted from your pay.
- bobsmooth 2y agoThose 3 events can easily saddle someone with 100k of debt. Surely you can understand how that might hamper an up and coming entrepreneur.
- constantcrying 2y ago>Those 3 events can easily saddle someone with 100k of debt. Surely you can understand how that might hamper an up and coming entrepreneur. That is the case in the UK as well. If you have a start up in which you have invested capital and suddenly can't work anymore that is a huge financial disaster. The state is not going to fund your business while you recover in hospital. Also the medical debt is something you would only have if you weren't insured. Both US and UK have health insurance, the only difference is that in the UK you have to pay for it, in the US you don't. In any case having a well funded startup is a far better safety net than a forced insurance.
- phist_mcgee 2y ago> In any case having a well funded startup is a far better safety net than a forced insurance. Not for the average person
- constantcrying 2y ago>Not for the average person OP was talking explicitly about start up founders.