When Social Security benefits were first paid in 1940, 46 percent of adult males couldn’t even make it to 65, and for those who did, the average additional life expectancy was less than 13 years. For a typical 65-year-old couple today, at least one partner, on average, will likely make it to 90 or beyond
For a typical 65-year-old couple, Social Security and Medicare benefits, adjusted for inflation, are worth over $1.1 million today, compared with $330,000 in 1960.
Category: Public Insurance
Commonwealth Fund: Medical Care is Expensive and Many People Find it Unaffordable
The Commonwealth Fund (a proponent of Big Government health care) released its 2023 health care survey that found about half of Americans have problems affording health care.
Given the necessity of insurance to defray the full cost of health care in the United States, it shouldn’t come as a surprise that the vast majority of people who had spent some time uninsured during the year would report difficulty affording their health care costs. More surprising is the large share of adults who had insurance all year but still report difficulty paying health care expenses.
Is Social Media Addictive, like Giving Drugs to Children?
Forty-two attorneys general have sued Meta because Facebook and Instagram are addictive and supposedly harmful to children. I didn’t realize social media is a public health threat. Is this something that state attorneys general should pursue like they did for opioids and tobacco?
Thursday Links
- Why are the esteemed models of medical governance (e.g., Intermountain Health, Geisinger, and the Mayo Clinic) located in the hinterland, instead of in the big cities?
- Scientists have known for two decades that Sudafed was no better than a placebo.
- Nearly all entrepreneurs face serious mental health challenges.
- A critical reassessment of statins.
- Is it time to update the “value of a statistical life”?