Aftermath9716
Member
I'm a millennial I don't know shit about cost of insurance history LOL just know my parents told me life was easier back then. I believe this has to do with the value of currency going down, demand for healthcare rising due to the growing elderly population and shrinking workforce.
If you're paying $150/month for a single person without family, then yes it is a heck of a deal. However your employer is probably kicking in another $300-500/month to make up the difference and that's money that could be going into your pocket.
If you were like me who only went to the doctor 3 times in a span of 25 years for very minor stuff that's a huge waste of money. However when I first started working after college back in the early mid 90's, my insurance was so cheap and drug prices were cheap to the point it cost practically nothing to go to the doctor and get a script, I was getting a year supply of drugs that cost $12, today those same exact drugs cost $800/yr.
The reason everything cost so much today is that people working in the healthcare industry are demanding top dollar for even the most piddly of services. They have armies of lawyers lobbying to make sure this racket isn't going anywhere soon.