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I don't have much sympathy for those who oppose the "Cadillac" insurance plans. Or the Unions for that matter.
A Cadillac insurance plan for a single individual starts with an insurance plan that costs about $700 a month. Whoa! That a nice and expensive plan, I don't believe for a second the typical "middle class" person could afford that.
Average wage for a single person in the private sector is about $25,000 a year. That's about 35% of your income for health insurance.
The more money you make the less impact a percentage has on your lifestyle. For those making "just enough" to get by 35% is a HUGE hit. For those making enough to be totally comfortable, 35% is an "ouch" but they can deal with it.
Last edited by Excaliber; 12-23-2009 at 09:04 AM..
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