View Single Post
  #68 (permalink)  
Old 12-23-2009, 08:25 AM
Excaliber Excaliber is offline
Senior Club Cobra Member
Visit my Photo Gallery

 
Join Date: Jul 2002
Cobra Make, Engine:
Posts: 15,712
Not Ranked     
Default

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..
Reply With Quote