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Mar 17, 2009, 10:38 AM
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Member Since: Jun 2007
Location: Chicago, Illinois
Posts: 5,518
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Sky - I can see that happening, and it's not just a government problem. When I worked for a doctor at a hospital in the 1980s, he would often waive his fee - inpatient or outpatient. However, it caused a nightmare of paperwork for the family and difficulty for the hospital and other care providers to make any claims or justify the patient's hospitalization.
I think financial planning can only go so far. They don't take into account natural disasters that can be attributed to "acts of God" - weather crisis, death in the family, debilitating illness, permanent loss of job and home.
One area near my hometown keeps getting flooded, and the village has run out of money for clean-up. Their chances of government funding are slim, and the homes are now as worthless as their belongings. The only thing that has dried up there is local business and job opportunities. There is talk of "relocating" all the residents of that area, and I doubt they will receive any substantial payment for their destroyed homes, jobs and belongings. Where will they be sent, and will they still call it "home?" 
I'd be curious to see what Suze Orman would have to say to these people. 
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