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Posted by Thumper on December 23, 2007, 12:31 pm
>On Sat, 22 Dec 2007 13:17:41 -0800, Will Trice wrote
>
>> I would hazard that most financial planners would not give advice based
>> on "hopes" for the future. And hopes that the government will expand
>> current federal medical programs in the near future may be unfounded.
>> Programs such as Medicare are getting into trouble financially. Given
>> the American distaste for taxation (not that anyone really likes to be
>> taxed), paying for current levels of service, let alone additional
>> services, will be troublesome.
>
>
>Your prediction might be reasonable if only Canada and perhaps two or three
>other industrialized nations had national health plans while most European
>nations had US type systems. But the reality is that the USA is an oddity, a
>rich nation with inadequate medical care for large numbers of its citizens.
>Under these conditions, an astute financial planner could be expected to be
>aware that government health insurance is very likely on the way. I would say
>it is inevitable. I should thinkl this possibility would have important
>financial implications and would influence decision making about investments.
>It should especially concern knowledgeable planners reputed to be aware of
>the long term and not just what is happening in the market today or what was
>good last year.
What if I have a stroke next year?
Thumper
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