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Message
re: Fixing Healthcare
Posted on 12/26/17 at 10:43 am to starsandstripes
Posted on 12/26/17 at 10:43 am to starsandstripes
quote:
I would like to see the govt set aside $1000 for each child born and mandate that parents add another $1000 before a child's 2nd birthday. If you have that in compounding interest over 50 years, you get close to $250k if you can pull between 9% and 12% compounding interest rate each year. At 55 years you'll have about $100k more. By 65yrs old you're about one million. That should be sufficient to cover the nation's medical bills in the last half of the lifespan. It's the back half, especially the last 3-5 years of life that generally cost the most. The first 50 years should be insurance through the free market with virtually no govt involvement. I think that's a decent place to start.
That actually is a good idea!
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