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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Aussi ✭  😊 😞
Number: of 15053 
Subject: Re: Buffett’s view on current account deficits
Date: 04/14/2025 12:02 PM
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One of the things I like about some OT posts, makes me do a bit of thinking.

(b) sufficiently wealthy that they would just as soon pay out of pocket, rather than purchase a plan?

Do wealthy people self insure for medical? Also makes me wonder whether wealthy people self insure homes? Anyway, from the 2020 census:

28M without medical insurance

5M of those 28M have incomes greater than 400% of the poverty level. For a single person 400% is about $60k per year ($30/hour). For a family of 4, 400% is about $130k per year. Is this sufficiently wealthy to self-insure?

https://www2.census.gov/programs-surveys/demo/tabl...

Aussi
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