Consider Jim. Jim has worked in middle management his entire life. He had the option of paying into his company’s managed healthcare system but decided he wanted to keep the money instead and invest it in case he ever needed acute medical treatment. Unfortunately, on his 40th birthday
In no more than one paragraph, explain what solution you would propose for Jim.
Case
Consider Jim. Jim has worked in middle management his entire life. He had the option of paying into his company’s managed healthcare system but decided he wanted to keep the money instead and invest it in case he ever needed acute medical treatment. Unfortunately, on his 40th birthday, Jim decided to buy a red Corvette with that money. 6 months later, Jim went to a doctor to see why he was feeling so awful. The doctor diagnosed Jim with emphysema, diabetes, and kidney failure. All three of these conditions are the result of Jim’s lifestyle choices: smoking, poor eating and exercise habits, and excessive drinking. These conditions are chronic and will require treatment for the rest of Jim’s life including cutting-edge lung and kidney treatments and weekly meetings with a nutritionist, endocrinologist, cardiologist, etc.
Options
Here are the two possible healthcare “worlds” for Jim (he must be “placed” in one of them):
Participate in a universal healthcare system, paid for by income taxes, which doesn’t provide Jim with the latest and greatest medical technology but does meet basic standards of care.
PartParticipate in a universal healthcare system, paid for by income taxes, which doesn’t provide Jim with the latest and greatest medical technology but does meet basic standards of care.
Participate in a pay-for-service system, which allows Jim to pay for whatever treatment he wants and/or can afford but will not treat him unless he pays for the service.
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