I know many retirees who are glad the Affordable Care Act is in place. Two people I know have pre-existing conditions. They retired this year and moved to other states. So, they have the option to look at a different health care provider vs having to stay with our current plans.
The health care system is broken. It has been for a long time and for some reason Obama is the 1st to actually try to push a change. Of course it's not perfect, but this is not a case of it ain't broke don't fix it. This plan is modeled after other existing health care systems.
The high % of older citizens is driving the cost of health care up. A lot of money goes towards extending life as compared to the cost of maintaining the health of the younger population. being born in 1964, I'm at the very tail end of the baby boom - I'm guessing I'm going to end up working til I'm 70 to support social security etc for all the baby boomers who retire before me.
For those who don't think they need insurance, everyone is one major medical issue from bankruptcy. Without insurance, you're a few steps closer to that line.
Same with 401K's. Don't understand why people don't participate, especially when matching contributions are provided. I started contributing to my 401K immediately at my 1st job - if I never had it in my paycheck, I wouldn't miss the money in my pocket. If you can't join immediately, when you can join, start when you get a raise - again you can't miss it if it's not in your pocket.
My employer offered Long Term Care Insurance a couple of years ago. Rate becomes locked in when you join. So, it costs me $40/month. I looked into getting it for my mother and her rate would be about $400/month. I think it's worthwhile because it's highly likely that long term care will be needed in the future. .... also, if I were to break my leg and need assistance, my mother is not physically capable of lifting me, etc . Hopefully, I won't need it for a long time, but at least I know that I won't be initially overburdened.