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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: James Hutton who wrote (219296)9/8/2009 3:16:47 PM
From: GraceZRead Replies (1) of 306849
 
None of the existing proposed legislation requires a compulsory public plan, does it?


History is a good teacher in terms of government "options". When it was created Social Security was optional as was Medicare. Medicare is actually still "optional" in that you can opt out of it by not signing up when you are 65 avoiding the "premiums", but it isn't optional in terms of not paying into it while you are working in the form of a payroll tax. Only very select government workers have the option of opting out of Social Security.

You might want to shop for health insurance for someone who is over 65 that isn't basically Medi-gap insurance and see how much still remains of the private sector in that area. It's a little like buying disability insurance that doesn't include Social Security Disability into the payout scenarios! It can be done but at a much higher cost than you want to pay.
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