Wednesday, 29 July 2009

Americans are paying 174% more for heatlh care in just 6 years!!!

According to a Bloomberg article titled, U.S. Pays $2.5 Trillion for Care Costing $912 Billion, Americans are paying outrageous amounts of money for health care. I have put some excerpts below.

"The last time a president tried to overhaul U.S. health care, Americans were spending $912 billion on the system and 40 million were uninsured. Today they’re spending $2.5 trillion and almost 50 million lack coverage."

"Health-insurance premiums for families have risen 119 percent since 1999, according to the Kaiser Family Foundation, a Menlo Park, California-based policy-research firm. Inflation has risen 28.5 percent over that period, according to the Labor Department."

"Health reform could not be more critical," Mike Duke, president of Wal-Mart Stores Inc., the nation’s largest private employer, said in a letter last month to Obama. “Reforming health care is necessary not just to improve the health of all Americans, but also to remove the burden that is crushing America’s businesses."

"If we don’t fix the spiraling cost of health care, it will have such a destructive impact on our economy that every sector of the economy will deteriorate"

U.S. Pays $2.5 Trillion for Care Costing $912 Billion
July 28, 2009

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