Wednesday, January 11, 2006

US Spends More On Health Care Than Ever Before.

The latest government calculations has found that due to rising costs, health care now consumes 16% of US economic output, the highest proportion ever. Health care costs has continued to rise substantially faster than inflation or wages, increasing nearly 8% in 2004 alone. In that same year inflation rose by 2.7%, while wages remained essentially unchanged.

About a third of the American population have no heath care at all, with large number of them being minorities and the poor.

From 1993 to 2004 the cost of health care has doubled, and many companies are complaining that employee and retiree health costs are making them less competitive, in comparison to other nations who have national health care systems.


Anonymous Colorado Health Insurance said...

Great blog I hope we can work to build a better health care system as we are in a major crisis and health insurance is a major aspect to many.

7:48 PM  

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