If you are middle-aged and still working for a living, you are a sap.
Paul D. Donahue and his wife, Angela, are among more than a million Americans who have signed up for health coverage through the federal insurance exchange. Mr. Donahue has a card in his wallet from his insurer to prove it. But when he tried to use it to get a flu shot and fill prescriptions this week, local pharmacies could not confirm his coverage, so he left without his medications.
Ok, it’s a mess, we know that Aggie, but why are self-employed middle-aged workers “saps”?
Despite the problems, Mr. Donahue, 58, a retired software engineer, is delighted with his new coverage from Blue Cross and Blue Shield of Texas. The monthly premium for him and his wife is $1,062, but the federal government pays a subsidy of $903. The couple pay the remainder, $159 a month.
“It’s a superb deal,” Mr. Donahue said.
Let’s think about this. This guy is only 58 years old, and a software engineer. Do you really believe that he has to be retired? No. He and his wife don’t want to work. They may have, almost certainly do have, assets that the government doesn’t count when calculating how much of a “subsidy” they receive. So they went from needing to pay $1,602 per month to paying $159 per month because of all the saps who continue to work. I don’t want to support this. I really don’t. Should I retire and let the rest of you pay for my health care? Why shouldn’t I?
Also, longtime readers of this blog know that BTL and I have pointed out time and time again that we in Massachusetts pay roughly $1100 for a middle-aged couple, compared to half that in states with looser requirements. And therefore middle-aged couples will soon be paying about $1100 per month. Presto! Middle-aged self-employed couples in Texas now need to cough up just under $1100 per month. The answer is early retirement. Let the saps who voted for this nightmare pay for it.