Current Events — HabitableZone

Current Events » in reply to A trillion is too much to spend?

Medical inflation is completely out of control and must be reined in

or else it will increasingly threaten the overall economy in future years.

Since 1999, CPI is up 34%, workers' wages are up only 29%, but health insurance premiums are up a whopping 119%, according to the Kaiser Family Foundation. And for those workers fortunate enough to have employer-provided health coverage, their companies are desparate to save money and are shifting more and more of the costs onto employees, in the form of increased deductible and co-pays, and higher employee premiums (i.e. "cost sharing").

The USA badly needs a strong national public option to compete with and incent the private health insurers to become much more efficient and hold down these outrageous cost escalations.

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