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Which cost more per month? Your Medical Insurance or your Mortgage?

  • My Medical Insurance costs more than my Mortgage

    Votes: 2 16.7%
  • My Mortgage costs more than my Medical Insurance

    Votes: 3 25.0%
  • My job provides my Medical Insurance, so I don't care

    Votes: 5 41.7%
  • I have no Medical Insurance so I don't care

    Votes: 2 16.7%

Which cost you more each month - Mortgage Payment or Healthcare Payment?

5K views 53 replies 20 participants last post by  Koooop 
#1 ·
I've been hearing from folks that their healthcare is more than their Mortgage. I find that hard to believe, how about a poll?

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I heard some people bitching that their Medical Insurance cost more than their Mortgage. I found it hard to believe that could be possible, then I realized if it weren't for the refinance I did a few months back, that's where I would be right now. Curiosity got me.
 
#5 ·
Re: Which cost you more each month, your Mortgage Payment or your Healthcare Payment?

No possibilities in the poll for us. We have neither form of payment.

Medicare is primary; We are both retired: Navy or Federal, so Tricare is secondary. No co-pays. Necessary prescriptions are picked up at the Naval Academy pharmacy. The mortgage was paid off 18 years early in 1999. We owe not one red cent to anyone on earth, carry NO credit card (or any sort of) debt past 30 days, and pay our electric, cell phone, gasoline and DSL bills on time. I am also retired Johns Hopkins University staff, so I get a rather handsome (if necessary) University Hospital medical benefit.
 
#6 ·
No mortgage and I'm on medicare; that being said I do pay my wife's Blue Cross and my son's to the tune of $1,200.00 a month .
Since I live in Mass. we already have Romneycare .
I sincerely hope that with that man in the White House's compulsory insurance law my costs won't go up too much but I am not optimistic .
I expect the middle class will take a real screwing as usual .
 
#7 ·
For those with employer paid health insurance you are still paying for it (and it is expensive) you just don't see what is being charged. Health insurance has sky rocketed in price and cost in the last decades and for those that actually pay the cost themselves it could well be more expensive than ones mortgage.

We have the most expensive healthcare system in the world, and Americans believe it to be the best healthcare in the world (this is highly debatable). American healthcare will only become more affordable if the whole system (medical, surgical, drug and private healthcare insurance industries) undergo massive changes, which is very unlikely to happen in our live times.

The good news is that health care is there for those who really need it, the bad news is that those who can afford to pay something pay more, and the rest get a free ride from the tax and premium payer.
 
#9 ·
Don't have either. I'm fortunate in that I've avoided most of the physically disabling stupidity that cripples my peers. I don't have a mortgage as I can't afford a house yet, so that works. I think as far as insurance, my mom gets it through her work, so I may be covered there. When I graduate I will likely have to get something through my employer. I bet it will be real "Affordable" :nono:
 
#11 · (Edited)
Re: Which cost you more each month, your Mortgage Payment or your Healthcare Payment?

How ? The U.S., Great Britain and Canada are chasing Sweden into Socialism: Everybody pays a multitude of obvious and hidden taxes through the nose and the "government" ( our Congress) takes what they want and doles out the remainder to "recipients" in the form of "entitlements and benefits".
 
#13 ·
R/T kota said:
Call me Canadian but how the hell can medical insurance cost more than a mortgage? Now that I said that, someone will post about that guy they know in Sault Ste. Marie Ontario that had to wait 14 days for a band aid.
I guess it depends where you live. Blue cross was up to $1,700 per month for my family of Four. But to really understand the cost you'd need to recognize that my co pay was $100-$150+. Plus the co pay on Meds through blue cross can be more than just buying Med out right. Then there were all the things they didn't cover or Dr.s fees were not covered for whatever reason.

That's how.
 
#15 ·
IMO there are three reasons health care costs so much in this country:

1. People who can't afford to pay for it get it for free, the costs get sent up to the middle class who take it straight in the balls.

2. The for profit companies in all sectors of the health care industry have to answer to Wall Street. They are publicly traded companies, the shareholders demand profits and dividends, thus these companies raise prices for their goods/services/prescription drugs.

3. These for profit companies also try to bilk the most money they can from your health insurance provider, thus your premiums go up.


IMO the only way we are going to lower healthcare costs in this country is to eliminate people making a buck off of you getting sick or dying. That's why I'm a fan of socialized medicine, the government doesn't have an incentive to make money off your illness.
 
#24 ·
Wait until you're a few years older with a wife and kids.
lol, no wife but the way he sleeps around I see Child support payments in his future.

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The flip side is he's not (directly) responsible for property taxes, property insurance, property maintanence, and a whole slew of other crap that comes with home ownership. Plus, renting makes you more mobile; you're not tied to an house that you'd have to dispose of if you want to move on. Just give 30 days notice and you're gone. Not your problem. So for some people, even if they can afford a house, renting is the more attractive option.
I agree with all of that however I don't like dealing with Land lords and the write offs are nice.
 
#17 ·
Jesda said:
Self-employed. My insurance is $73 for basic coverage + prescription. Rent is $1130.
Wait until you're a few years older with a wife and kids.
 
#18 · (Edited)
Unfortunately we are sheep and probably deserve to be fleeced.

It's absolutely ridiculous for health insurance to cover every mundane routine visit which are the vast majority of insurance use. Why not use the same model for hunger? Lets have mandatory hunger insurance and just have a co-pay or deductible at restaurants and grocery stores? Then we can pay for an insurance employee to review those meals to make sure they are covered by the policy and all the 'i's are dotted and 't's crossed on the forms. And unemployment will be cured by the people restaurants will have to hire to complete and submit the forms. This is exactly what we are doing with health insurance. The overhead for routine checkups, immunizations, etc.. cost more than the care does. Insurance is for the unexpected, not the routine.
 
#19 ·
I remember when we actually used our car and home insurance when we had a loss. Today we are told that if we have an insured loss and actually put in a claim that we will either lose our coverage or our premiums will sky rocket. It has been this way for more than 20 years. Despite its' high cost these insurance coverages are only for "catastrophic" losses not for the significant but only less costly losses.

Although there are adjustment to the premium we pay, taking into account our age and driving accident experience, all of us who have auto insurance are still paying for younger driver's higher accident rate and higher claims against their policies. Even though our own particular houses are in an area known to be relatively safe, we still pay part of our premiums for those who live in riskier locations. Spreading the risk is what insurance is all about.
 
#27 ·
drewsdeville said:
$1130 for rent???? God lord... at that rate, why not just make it a mortgage and at least have some equity to show for it.
$1,130 won't rent a doghouse in my world, let alone a place to live.
 
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#29 ·
When I was paying for my house years ago was 1600 a month for the Montly payment nice 4 bedroom 3 baths 3 car garage and huge fenced yard

There was a time when My healthcare cost as much as 5000 a month or more when I did not have insurnace they couldn't get anyone to cover me as a child with all my issues.

The diet time I was ever on a policy was my dads business insurnace threw cozy I think it was called where paying 700 a month and a 20k deductable per year around 1700 a month is what that comes out to back then plus 1000 in medication a month easily so yeah healthcare was hella more than mortgage
 
#31 ·
STS_Seville_Hunter said:
I had a fairly nice house on 1/4 acre I rented for $800
I'm waving from Indian Wells.
 
#32 · (Edited)
Yeah, you sure are lucky you and your family don't get sick, have accidents or have other health care needs. And let's hope you don't get sick and have to sell what assets you may have to pay for medical bills, but don't don't worry there are the rest of us here just waiting to pick up you medical costs because you don't have any money to pay any of them yourself. Sounds great to me!
 
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