Why having no health insurance sucks

Yglesias notes that the $94000 “income” figure in Ross Douthat’s recent column includes the value of health insurance, but there are a couple implications from this that he doesn’t discuss. One is that this stat is just a terrible measure of wealth, and the reason is that as health care costs increase as they have been doing, so will the number, canceling out any value derived from this form of “compensation.” The other is that this really makes it clear how badly off you become  if you lose your health insurance. Bankruptcy risks aside, this is tens of thousands of dollars worth of “compensation” that evaporate in an instant relative to the compensation one’s peers are receiving.

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