What’s going to happen to us when we’re old?

Today’s health insurance premiums are about $14,000 per employee per year. This doubles roughly every 8 years and shows no evidence of getting cheaper. Most are predicting premiums will increase faster under health reform due to new unfunded mandates and regulations.

2020: $28,000
2030: $56,000
2040: $112,000
2050: $224,000

The median income is currently $31,100 and rises at around 3% for most of us. I wonder what’s going to happen to us when we’re 75 and need medical care most?

I propose changing our name from Gen X/Gen Y/Milennials to the Cleanup Generation.