Many people that are not on Medicare cannot believe how many times during the week that older folks that are on Medicare go to the doctors. A recent study was done and it was found that people who have total health care insurance or are retired with full health benefits use medical services five times as much as anyone else. This is actually very realistic and it makes a lot of sense.
For instance, I have not been to a doctor in 25 years, I am perfectly healthy, I eat well and I exercise. I have not taken an aspirin in over five-years. Seriously I just don’t use any of this stuff. I do carry catastrophe medical insurance just in case, but I’m amazed how expensive it is considering I never use it.
If I had just put all that money in the bank or invested it in a proper financial vehicle, it would probably be enough money to cover any major medical expense and might have anyway. But all this brings me to another point at something I want you to consider.
We all know that our health care system in the United States is broken. But now our government wants to have everyone covered by healthcare insurance, but as soon as we do that everybody is going to run to the doctor and start using all the medical services five times as much. I’m not sure if you understand what this means, but we don’t have the capacity to have every American using all the medical services five times as much as they currently do.