The Cost of Getting Well and Staying Well
Clearly with what is happening in the world today financially, not only do we need to be paying attention to where our money is going, we need to be an expert at it. Yahoo Finance recently reported that 62% of the bankruptcies occurring in the United States were NOT from the housing market or the stock market. 62% of the bankruptcies were from medical expenses. The shocking fact is 78% of those people bankrupted by medicine actually had insurance coverage!!
“Nobody’s safe! Health insurance? That did not protect 1 million Americans who were financially ruined by illness or medical bills last year.” – Elizabeth Warren, Harvard
Every 30 seconds in the United States, someone files for bankruptcy in the aftermath of a serious health problem. Even in the midst of a housing crisis more than 25% of them said the reason they cannot pay the mortgage was due to medical debt. 1.5 million families lose their home to foreclosure each year due to unaffordable medical bills, not an unaffordable mortgage.
It is clear that our current health care model does not work. People are not physically or emotionally well. Oddly, rather than figuring out a model that does work, the focus has been on, “How do we pay for it?”
The Boston Herald reported in 2008, a study from Fidelity Bank, that showed a couple needs $225,000 in CASH OUT OF POCKET – TO COVER WHAT MEDICARE/BLUE CROSS/BLUE SHIELD WON’T PAY to cover medical expenses after retirement and this number, which was $215,000 in 2007, is going up at a rate of 4.7% a year!!
At that rate, 4.7% a year, in 12 years (2020), you will need approximately $400,000 in cash at retirement to pay medical costs not covered by insurance or Medicare. If Medicare fades out as many are predicting, you’ll need far, far more then that (Depending on your condition, possibly several times that).
For example – Cancer treatment drugs range from $4 – $14,000/month and cost as much as $25,000/month. Much of this is out of pocket. It’s not uncommon for someone to pay $1-300,000 out of pocket for cancer treatments. Tragically, with limited benefit to these treatments – end their life in misery and death anyway – or even because of the treatments.
These costs only tell a small part of the financial story. Each day, month, and year you’re alive but can’t work due to illness or treatment can add up to 100s of thousands depending on your salary. PLUS – they now give each year you die early before life expectancy a value of $150,000. So someone that dies in their 50s or 60s loses well over 1 million dollars.
THE REAL TOLL of course isn’t the money. In addition to being out 100s of thousands, if not millions, life ends both in quantity and quality before God intended.
THE BEST INVESTMENT STILL IS AND WILL ALWAYS BE YOUR HEALTH!
With cancer and heart disease along with all degenerative illness (Alzheimer, arthritis, Parkinson’s) being almost totally preventable – you’ve got to invest in things like Structural Correction Chiropractic (which shows in every study to radically lower your chances of these diseases), quality nutrition, and the other Essential components.
MAKE THE RIGHT INVESTMENT NOW!
