I think my big, overarching diabetes question (at this stage) is how does anything, ever become fiscally viable?
My ultimate concern is homelessness. I think I might be trying to develop a plan about how to not become homeless. That did happen to a diabetic I worked with in the last couple years, not because of diabetes, but because of how sick he got from covid. He was in an apartment. Apartments are out - not stable enough and they drain away too much wealth. They simply evaporate during a long enough hospitalization. When you leave the hospital, your homeless.
Frustratingly, I’ve been talking to a diabetic lately who owns his home. But, his wife got cancer and the bills were tremendously expensive. She survived, but they threatened to take their home. I was under the impression that that couldn’t happen. But, someone else told me that they might have re-written the laws.
I feel like I could buy a car every year with what I spend in medical. I don’t even see a Doctor anymore, but it’s still expensive.
What’s the answer? Do I drop off a pump and go on MI? Does that save a lot of money?
It might not even have that much to do with diabetes. I talk to old guys who want to retire, but they keep working because they don’t want to pay $12,000 in health insurance premiums out of pocket. A lot of them keep working 30 hours/week to keep the insurance benefits active.
Is this a diabetes problem or a wider problem? What’s the answer?
Some people say that if you have one expensive medical event, then the system comes along and takes all your assets.
Right now, I suspect that the minimum salary, for a diabetic, to be able to run all the bells and whistles (pump, sensor, etc.), if you consider $20,000 in medical expenses, might be around $________. (Fill in the blank)
Note: If you make $80,000, then medical represents 25% of your income. There is no impact on taxes, I think. Housing might be $15,000 on the lowest end. That’s $35,000, just in housing and medical. That means $40,000 per year salaries are out of the question. That eliminates all $20/hour jobs. You need to be pushing $30/hour, at least, I think.
Diabetics can’t join the army. Truck driving is risky. What types of things can a diabetic do for a living? How would you advise a young diabetic? I think that there are unique/tricky financial situations for young people with medical expenses. I think it creates a lot of constraints that are worth discussion.