The Age Curve: How to Profit from the Coming Demographic Storm

Socialized Medicine—a Boomer Mandate

The insurance business is a business. Businesses must make a profit or they won’t remain businesses very long. The operative word here is profit. And profit is not a four-letter word. It is the essential ingredient in any business.

Let’s examine how the health insurance business makes a profit. I pay $18,000 a year for medical insurance for my family of four. My wife and I calculated that if we had to pay cash for our covered medical needs, the tab would be about $7,500. So on balance the health insurance company made a gross profit of $10,500 on our account.

All things being equal, we are probably good customers but not as good as we once were. There have been years when we paid in, and with the exception ...