Quite a few articles have appeared recently about increasing healthcare costs (for those of us affected by Minnesota). In general, many families worry about healthcare costs because it can lead to higher premiums (and lower benefits) for all members. This is one major challenge for families and individuals financially, so it's worth asking about ways to reduce this burden (a lot of people could benefit).
Is there a way to hedge rising healthcare costs? When I look at the 20 year history of rising healthcare costs, the growth is significantly outpacing inflation and it would be useful to know of a way (or ways) to hedge this cost, outside of expatriating.
Meaning of hedge in a financial manner; basically, if you suspect a cost will rise by 20% in the next year, you'd like to get at least that gain with a portion of your money. So a person invests $10,000 in an investment that allows them to capture the 20% rise in what will be more expensive the next year.