Economists have found that rising health care costs correlate with significant drops in health insurance coverage, and national surveys also show that the primary reason people are uninsured is due to the high and escalating cost of health insurance coverage.8
A recent study found that 62 percent of all bankruptcies filed in 2007 were linked to medical expenses. Of those who filed for bankruptcy, nearly 80 percent had health insurance.9
According to another published article, about 1.5 million families lose their homes to foreclosure every year due to unaffordable medical costs.10
The average employer-sponsored premium for a family of four costs close to $13,000 a year, and the employee foots about 30 percent of this cost.4 Health insurance costs are the fastest growing expense for employers. Employer health insurance costs overtook profits in 2008, and the gap grows steadily.
5 Total health insurance costs for employers could reach nearly $850 billion by 2019. Individual and family spending will jump considerably from $326 billion in 2009 to $550 billion in 2019.
6 The Congressional Budget Office has estimated that job-based health insurance could increase 100 percent over the next decade.
7 Employer-based family insurance costs for a family of four will reach nearly $25,000 per year by 2018 absent health care reform.7
Answer by sweet-a-kins at 9:16 PM on Aug. 20, 2009
Answer by momof030404 at 9:16 PM on Aug. 20, 2009
Answer by BEXi at 9:17 PM on Aug. 20, 2009
Answer by sweet-a-kins at 9:20 PM on Aug. 20, 2009
Answer by Anonymous at 9:24 PM on Aug. 20, 2009
Answer by momof030404 at 9:26 PM on Aug. 20, 2009
Answer by rkoloms at 9:29 PM on Aug. 20, 2009
Answer by tnmomofive at 9:30 PM on Aug. 20, 2009