Bob Kargenian Quoted in Barron’s

Bob Kargenian’s letter was published in Barron’s, a weekly newspaper that covers financial information, relevant statistics, and market developments.

In his letter, Bob says, “Hats off to Creative Planning’s chief market strategist Charlie Bilello for wondering about the government’s absurd assumptions that health insurance as computed in the consumer price index is 4% lower than five years ago (‘Think Inflation Is Cooling? Think Again,’ The Economy, May 17). I’m betting that my experience isn’t a one-off. I’m married, 66, with a now 19-year-old daughter on our plan with Anthem Blue Cross. In the past four years, my monthly premiums have increased from $2,111 to $2,621. Same plan, no changes, with a $6,500 per person deductible. That’s a 24% increase. I think the government needs to go back to statistics class.”

Read Bob Kargenian’s Full Letter (login required).