pic by PLOtOnQuAnZiQuE

The conversation on making health care affordable seems to be forgetting its main goal.  Getting people insured at a level they can afford.  I would advocate that anything above 6% of an individuals income is unaffordable.

So Congress needs to stop having the conversation like their planning for some other planet of Utopia.  The public option needs to be a serious consideration to bring costs down.

I have provided below an example of how a person making $35,000  may allocate their income.

LIVING WAGE CALCULATION

Yearly $35,000

Monthly $2,917
I have provided a category, percentage, the yearly amount for the category and the monthly amount for a category.

HOUSING 40%   $14,000   a $1,167
CAR EXPENSES  5%   $1,750      $146
DEPENDENT CARE  3.50%   $1,225      $102
HEALTH CARE/DENTAL/VISION 4.00%    $1,400      $117
HEALTH CARE EXPENSES 2.00%    $700          $58
FOOD  6.00%    $2,100      $175
UTILITIES 4.50%    $1,575       $131
RETIREMENT/COLLEGE  10.00%   $3,500      $292
SOCIAL SECURITY TAX  7%      $2,450      $204
MEDICARE TAX   1.45%     $508      $42
LIFE INSURANCE  1%           $350     $29
TAXES   16%      $5,600      $467
TOTAL  100%

Congress try your hand at allocating what expenses use up ones income.

This entry was posted on Tuesday, September 22nd, 2009 at 12:01 am and is filed under Budgeting. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.