When I read this article on how our health care system was frittering away money, it annoyed me to no end. I’m one of those people who feels I’ve done a lot of things right when it comes to personal finance, but I have an Achilles’ heel — it’s the necessary spending that I’ve had to do to ensure the good health of my family. You see, when it comes to one’s health, there’s a lot of things here that can be out of our control — accidents happen, infections happen, and even incurable diseases can alight upon you one day when you least suspect it and change your life forever. No matter how much saving, investing and earning you’ve done in your life, you may end up having to spend your hard-earned money on ridiculous things such as $1,000 tooth brushes and $140 tylenol pills, if you aren’t careful. And this is through no fault of your own.
I may sometimes come across as someone with a morbid sense of humor (black humor is my defense mechanism and my way of coping with tough issues), but I’ve always believed that if you’re a resident of the United States, one of the best ways to preserve your net worth is to simply STAY HEALTHY. Time and time again, I’ve seen the sick in this country suffer all the more — not just from their health problems, but also due to the games that health insurance companies and the medical industry play. I’ve read that the #1 cause of bankruptcy for many households is ill health, especially when it’s experienced by the breadwinners of the family.
Our National Health Care System Needs An Overhaul
Here’s why getting sick or falling ill spells doom to the financial well-being of many Americans: if you’re a breadwinner and you get sick, you may qualify for disability insurance — that is, if your employer has this to offer. But tons of people don’t have such insurance, much less have ANY kind of insurance to cover them when they do fall ill. So if you ever suffer the misfortune of developing a chronic or life-threatening illness, you may not only lose your livelihood, but you could also drain your life’s savings once you find yourself in the grip of the U.S. health care industry. So it’s simple then, isn’t it? My advice is just this: avoid bankruptcy by taking care of your health. I’m sorry to say if it doesn’t seem all that practical. I’ll admit that it isn’t, since sooner or later, our health will eventually falter. What we really need desperately is health care reform!
For more on this matter, please check my articles:
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