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10-07-2009, 12:40 AM #12
I think the existing system is caught in a death spiral.
This is the spiral:
Costs go up to cover medical services for the uninsured.
Since costs are rising insurance premiums must go up as well.
As premiums rise fewer folks can afford insurance coverage.
The number of uninsured families rises.
Therefore costs go up to cover medical services for the uninsured.
I found this quote on the first google hit I opened:
The cumulative increase in employer-sponsored health insurance premiums have raised at four times the rate of inflation and wage increases during last decade. This increase has made it much more difficult for businesses to continue to provide coverage to their employees and for those workers to afford coverage themselves.
The Congressional Budget Office has estimated that job-based health insurance could increase 100 percent over the next decade. Employer-based family insurance costs for a family of four will reach nearly $25,000 per year by 2018 absent health care reformLast edited by matt321; 10-07-2009 at 01:27 AM.