In the past few weeks I have identified with the unwashed masses. Here are some highlights:
* I am self-employed making a good chunk of change and I literally cannot get any insurer to cover my three year old son, because of his heart murmur. He has never taken any medication for it or gotten any treatment whatsoever. Once we took him to a cardiologist for a routine check, and he was being so fussy (my son, not the doctor) that the cardiologist said to just skip it and bring him back the next time. So my point is, my son is not a walking liability. When my agent explained that the various companies declined coverage for my son, I offered to pay higher premiums or attach a rider to the plan to exclude any payments concerning his heart. Nope. He's uninsured. (Incidentally, when you see figures for the millions of uninsured Americans, don't assume they're all shortsighted. They might have left their jobs and now literally cannot find a company who will pick them up.)
* Because of my switch to self-employment, our bank won't let us refinance our house. Just think about that for a few minutes. Since they are concerned I will default, they won't lend us the money to pay off our loan to them. So they refrain from earning closing costs etc., keeping us locked into higher payments on the loan they have already given us, because they are afraid I won't be able to afford the lower payments.
* Also, for those who are thinking of becoming self-employed, keep in mind that you have to pay both halves of Social Security (if you are unincorporated). You get killed on 1099 form income.