At first glance, one would tend to assume that living longer is a blessing. One gets to spend more time enjoying the company of loved ones, see grandchildren grow up, etc.. However, it’s also worth wondering how current standards of longevity for U.S. citizens tie in with the hefty costs of medical care, the issue of purchasing life insurance, and the cost of retiring. Let’s take a look at how much we’re actually spending on health care compared to other countries, how longer lives impact our life insurance premiums, and whether or not we should all just find a different country to retire to.
Health Care Costs in the U.S.
Obamacare was definitely not the first time the issue of health care costs cropped up in the United States – far from it, in fact. For decades now, Americans have been complaining that getting access to medical services in their own country was far less affordable than going abroad for treatment, surgical interventions, and other types of medical care. Yet Obamacare did glean a ray of hope, in terms of more affordable medical expenses on the home front for many Americans. Though the reform has already come into force as of the date this article was written, it’s still interesting to note [Read more...]