living in the ‘Land of Smiles’

Chiang Mai, Thailand

U.S. – healthcare has doubled in the last decade

Via: Huffington Post

U.S. healthcare is so expensive that records are broken even when cost increases slow.

According to a new report by Milliman, a global consulting and actuarial firm, the total cost of healthcare for the average family of four, if covered by a preferred provider organization, is now a now a record $19,393.

Trends over the last decade more completely illustrate the toll taken on the average American by rising healthcare costs.

“In 2002, American families had healthcare costs of $9,235, and those costs have now doubled in fewer than nine years,” said Lorraine Mayne, Milliman principal and consulting actuary, in a press release. “As costs continue to gr ow
— and even as the cost trend decelerates — the total cost of care for American families constitutes a larger and larger portion of the household budget.”

Of that $1,319 increase, employers were paid for 48.6 percent of the increase, while the additional 51.6 percent was the responsibility of employees.

http://www.huffingtonpost.com/2011/05/16/us-healthcare-costs-double-report_n_862677.html

***

In Thailand:

– I have full coverage, and I STILL pay less than my employee contribution was in 2000.

– In the U. S., without the ’employer contribution’, private insurance is prohibitively expensive.

– Yes, the premiums have gone up in Thailand, but when you start so low, . . .

– And when I say full, I mean FULL: hospital, physician, and meds.

– NO deductibles, NO denile of services, and NO paperwork hassle.

– It’s good for emergency care, outside of Thailand.

– Because I joined before turning 60, I am covered for life; that’s right, I know, my life.

🙂

“Every day in every way, it’s getting better, and better, and better”

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May 17, 2011 - Posted by | cost of living | , , ,

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