Fixing American Health Care: Solutions Instead of Rhetoric!

Fixing American Health Care: Solutions Instead of Rhetoric!

Although politically controversial, the US healthcare system must and should be improved, both in terms of price and effectiveness/delivery. When the Affordable Assistance Act was finally passed by President Obama in 2010, there were too many uninsured and/or underinsured Americans. However, perhaps due to the realities of policy, this legislation is flawed, and while costs may not have increased, no matter how much they have increased, otherwise they appear to have grown. Instead of addressing the flaws, Republican lawmakers focused on them to gain an apparent political advantage. Rather than tweak it or introduce way to make it cheaper and better, they simply attempted to repeal it with nothing viable or better to improve it and improve it!

One of the steps in financial planning should be the cancellation of all your future financial obligations, the time they will arise, the amount required, etc.Goal 1: For example, if you are a 40-year-old man who expects your daughter’s college education to expire after another eight years and predict that this could cost around $ 30,000, will you have money to fund? Decide on an investment and the amount you need to make today to reach that goal 8 years later.Goal 2: Similarly, if you plan to retire at age 60, you will need to say 1 lakh p.m to maintain your current lifestyle, which is INR 50,000 at current value. Given the advances in health care, you can easily expect a retired life of 25 to 30 years. The money you need to live your retirement life can be funded by a low-risk, long-term investment (such as mutual debt funds, pension plans) made today. Get more information on health plans here https://www.healthinsurance2020.org

The ramifications of these steps were painful rather than helpful! Now Trump’s Justice Department is backing legal action to declare the entire act unconstitutional without sounding realistic, to consider the possible negative ramifications, if they succeed, of what they are looking for. It seems, like someone, who kills his parents and asks for mercy because he was an orphan!While for some this sounds wonderful, the overall analysis seems to be greatly simplified. Medicare itself is a defective system to which taxpayers contribute throughout their working lives and still requires an additional contribution of over $ 1,600 a year after turning 65. In addition, it covers only about 80% of part B, part and supplemental insurance from health insurance companies which completely covers most of these expenses, now costs more than $3,600 per year. You should start your financial planning early, as this will give you the advantage of a compounded example, regardless of which option you invest in, your money will grow more with compounded returns each year.

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