Smart move investing in healthcare. The doctors are selling their practices to conglomerates or just retiring. We invested in oil in the 80’s and lost it all in 2008? My husband took care of the investments. My mom left me Suntrust & Mattel. Look where Mattel is today! A big fat loser. It used to pay good dividends so I purchased another thousand. Bad move because now we don’t rcv benefits any longer. Some say sell, some say hold. As soon as it gets back to where I purchased...I’m selling!
I’m older than most of you on this board so I’ve witnessed gainers & losers. I just heard from someone who gained 30% on Vanguard I.T. I swear! If I didn’t have bad luck...I wouldn’t have any luck at all!
Medical costs, college tuition, home insurance has hit the roof. Why? Because our government got into the insurance business. People who had good insurance before Ocare no longer have the good coverage. There was a day, I lived it, if you needed to see a doctor and didn’t have insurance, the doc still saw you and you could make payments. No longer.
When Trump came into office he signed away the individual mandate. Biden is going to put it back on the table. Before Ocare young healthy people could get a hospital plan which covered you if you needed to be admitted. I had one in my 30’s due to not being able to afford the dependent insurance. My husband was fully covered from his job. Mine was a good policy because it even covered in office surgery! I paid a little over a $100 a month with a 20% co-pay. This is the individual mandate. Later as his income rose we were able to pay for dependent coverage.
Flash forward: Ocare passed. We were paying a little over $900 a month which included the Medicare premium plus the Retiree Cigna plan, health, dental, vision, drugs were covered. When Ocare passed any plan written had to cover a mandatory 10 points. As a result our premium shot up to over $2,000 a month! Of course we had to drop out. I have no drug plan!
reply
share