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I know this is a chicken and egg question in regards to universal health care.
But one of the most cited examples of the push for universal health care is because of job loss due to prolong medical issue. No job. No income. No health care. Simple?
Why don't more people buy short and long term disability insurance. It's so much more important in my opinion. Most policies will pay out 50-70% of your monthly income.
Say one of my former co worker recently had heart surgery. He's going to be out 3-6 months. But he has a short term disability policy that pays him 60% of his monthly income. This keep income flowing.
Another co worker had a severe back injury where he couldn't work any more. His long term disability payments kicked in and pays him $6000 a month. More than enough to get through life.
So why is there not a push to get people to pay for insurance to protect themsleves. Especially those in manual labor like construction?
I know this is a chicken and egg question in regards to universal health care.
But one of the most cited examples of the push for universal health care is because of job loss due to prolong medical issue. No job. No income. No health care. Simple?
Why don't more people buy short and long term disability insurance. It's so much more important in my opinion. Most policies will pay out 50-70% of your monthly income.
Say one of my former co worker recently had heart surgery. He's going to be out 3-6 months. But he has a short term disability policy that pays him 60% of his monthly income. This keep income flowing.
Another co worker had a severe back injury where he couldn't work any more. His long term disability payments kicked in and pays him $6000 a month. More than enough to get through life.
So why is there not a push to get people to pay for insurance to protect themsleves. Especially those in manual labor like construction?
Why should this be a problem that requires a group effort? Individuals should decide.
They're two different things. One replaces income when you can't work and one helps to cover treatments that might save your life that you couldn't otherwise afford.
It's akin to comparing car insurance to life insurance. Both are important but they're two different things. There's a reason why people have both.
I know this is a chicken and egg question in regards to universal health care.
But one of the most cited examples of the push for universal health care is because of job loss due to prolong medical issue. No job. No income. No health care. Simple?
this is not one of the most cited examples.
Quote:
So why is there not a push to get people to pay for insurance to protect themsleves. Especially those in manual labor like construction?
because the problem is smaller, in the sense that it affects far fewer people.
In those rock bottom cases for low income workers, there are already programs in place to protect them. They would have a hard time affording disability. The likely expenses if you lose your job are a lot less than if you need radiation, chemo, surgery, etc.
Long Term Care insurance is really a bad deal for insurers because the payout is costly and vertually every customer is going to present an expensive claim. The only way they escape is the hop for accidental death or to put so many riders and exceptions that they can tie up the customer in a legal morass and wait out the client who will solve the problem by dying. The moment they found out I was a diabetic they simply walked away from me a customer with a income near $100,000. I could have easily paid for it but they simply don't sell it to people who have a pre-existing health problem.
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