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I failed to consider the variable of increasing health care costs and lifespans. These contracts were negotiated in the days when union guys all smoked and wer
by ShabbyDoo 18y ago
I failed to consider the variable of increasing health care costs and lifespans. These contracts were negotiated in the days when union guys all smoked and were expected to fall over from a heart attack well before age 70. Now, they'd get a $50K surgery and live to age 80.
- Xichekolas 18y ago$50k is vastly underestimating it. My grandfather just had a double bypass, a stent, and a pacemaker put in. (After his third heart attack.) The grand total for operation and post-op therapy came to $942,000. Granted, the surgery itself was only like $25k. It was all the stabilization in ICU beforehand, and all the therapy afterwards, that really ran up the bill. The majority of it was paid for by Medicare and his supplemental insurance too, which probably ran the price up as well.