Frugality is a valuable financial habit. It’s the number-one common denominator among people I know who are wealth builders. This makes sense, since no matter how much you make or what you may invest in, you’ve got to be able to live on less than you make in order to have money to invest. In […]
Tag Archives | health care costs
Have you ever worried yourself into a frenzy over something, only to find out you were worrying about the wrong thing? For example, researchers say that Baby Boomers are more worried about being financially devastated by unexpected health costs in retirement than they are about outliving their retirement savings. But isn’t the cost of health […]
The soaring cost of health care in the United States is painfully obvious to anyone who looks at a medical bill. This aspect of our system has been out of control for decades. A recent study by the Kaiser Foundation compared healthcare prices in the U.S. with those in other developed nations, virtually all of […]
Do you need long-term care insurance? If so, how much do you need? These are not easy questions to answer. When it comes to paying for long-term health care, it’s hard to know if you need insurance in the first place. If you do, it’s hard to determine whether the insurance company will still be […]
I recently talked with an administrator of a private medical practice about some of the financial challenges she faces in dealing with the medical system, insurers, and patients. Some of the insights she gave me into the realities that private physicians face in providing medical care were rather disturbing. Here are a few of them.