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Issue:

Business

 

Written by:

David S

 

Date added:

September 13, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

14 / 3737

 

Was viewed:

6334 times

 

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Essay content:

See the box "Keep Your Costs Down" below. Sandy and Charlie Murphy never imagined that paying for health care could put everything they owned at risk. In 2002 the Murphys and their two sons were living a comfortable middle-class life in Scottsdale, Arizona, where Charlie, now 59, worked as a manager for Charles Schwab and where Sandy, now 60, was a part-time child advocate for the state...
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Then, in rapid succession, Charlie got laid off; Sandy quit to care for a son with health problems; Charlie discovered that his new employer set a $100,000 cap on lifetime medical-claim payments, necessitating a secondary policy; and the Murphys found themselves struggling to pay for health care. In 2006 their medical costs came to $25,000, most of it to cover insurance premiums—more than their annual mortgage payments...
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