Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A
Shrewd'm.com Merry shrewd investors
Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
Unthreaded | Threaded | Whole Thread (58) |
Author: DTB ✭  😊 😞
Number: of 15056 
Subject: Re: Buffett’s view on current account deficits
Date: 04/16/2025 2:03 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 7
5M of those 28M have incomes greater than 400% of the poverty level. For a single person 400% is about $60k per year ($30/hour). For a family of 4, 400% is about $130k per year. Is this sufficiently wealthy to self-insure?


No, I wouldn’t think so. But lots of people have a few million dollars. For them, paying out of pocket would make sense, rather than buying insurance in the traditional sense (coverage against catastrophes).

Of course, in the USA, you might also need a lawyer, or at least someone who could negotiate with hospitals who seem to try to take advantage of individuals who are often charged far more than an insurer would be charged.

My point is that if 8% of USA residents are not covered, and 2% are not legally in the country, and 1-2% are independently wealthy, the problem of non-insurance, should be pretty easy to solve. Credit where credit is due, Obamacare has taken care of most of the problem and the remaining bit is small.
Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (58) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds