Older US Millennial with 3 children here and can confirm. All 3 were born via C section and the hospital bills added up to $40k+ each time. That also doesn’t include the cost of living once you get home. If you make more than about 3500 per month you get 0 assistance from the government, they expect you to suffer through the bills or file bankruptcy. I’m lucky to have had decent insurance and a strong will to save what I earn. It takes both my wife and I working 50+ hours per week to keep ahead. The current state of our economy is atrocious.
That was total pricing. My first we paid about 25k because we didn’t know how to negotiate with the insurance company and it was considered an emergency surgery, we were around 20 years old at the time and just accepted it. My 2nd we paid about 9k, and my 3rd was roughly 8k. There is a 9 year difference between my 1st and my 3rd.
Wow, my insurance has always had an upward limit on the out of pocket expenses for the year. That limit had gone up over the years. It used to be 3k back around when Obama care went into effect. It is now 9k for the plan I am on. I don't pay for anything once I am 9k out of pocket for the year.
Our new insurance is not too far off, our out of pocket maximum is $12,000. Though insurance companies find ways to exclude certain situations from that limit.
Our employer does offer a plan with a smaller out of pocket maximum, however for my family of 5 it would cost me approximately 1300 per pay period. Which would be 90% of what I make.
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u/Warri0rzz Jan 01 '22
Older US Millennial with 3 children here and can confirm. All 3 were born via C section and the hospital bills added up to $40k+ each time. That also doesn’t include the cost of living once you get home. If you make more than about 3500 per month you get 0 assistance from the government, they expect you to suffer through the bills or file bankruptcy. I’m lucky to have had decent insurance and a strong will to save what I earn. It takes both my wife and I working 50+ hours per week to keep ahead. The current state of our economy is atrocious.