On Saturday, January 5, 2013, James Salsman wrote: > Michael Snow wrote: > > > >... You think that having people mortgage their future and simply > > giving them more cash, which they don't ultimately enjoy other > > than to pay loans at distressed interest rates, is a greater benefit > > to them than providing the best insurance coverage we can offer? > > No, I didn't mean to imply anything like that. If a typical working > age American's immediate family suffers catastrophic medical expenses, > it's most likely going to be one of their parents, who aren't covered > by the Foundation's or any other employer's plan. Medicare only pays > for 60 days of hospitalization, with copayments totaling about $30,000 > for the following 60 days, and then it stops paying altogether. (See > e.g. http://www.kff.org/medicare/upload/7768.pdf ) In any case, most > Americans who enter bankruptcy because of medical expenses have on > average about $45,000 of debt, which amounts to 2.2 years of the > difference between the mean salary of Wikimedia and Mozilla Foundation > junior software engineers. It's not like the difference between being > able to save a loved one from bankruptcy and keeping them in the > hospital when they need it would displace existing health insurance or > even make a serious dent in retirement savings.