US
healthcare is in a “catch 22”. Government subsidies from Medicare and Medicaid,
compounded by the problem with Obamacare have pushed healthcare costs beyond
the law of supply and demand. The healthcare complex has no incentive to reduce
costs. Real estate values are based, in part on this Ponzi scheme.
On a per capita basis, health spending has
increased over 30-fold in the last four decades, from $355 per person in 1970
to $10,739 in 2017. In constant 2017 Dollars, the increase was almost 6-fold
from $1,797 in 1970 to $10,739 in 2017.
Health spending totaled $74.6 billion in
1970. By 2000, health expenditures had reached about $1.4 trillion, and
in 2017 the amount spent on health had more than doubled to $3.5 trillion.
Total health expenditures represent the amount spent on healthcare and
health-related activities (such as administration of insurance, health
research, and public health), including expenditures from both public and
private funds.
In 2016, 5% of the population accounted for
half of all health spending. The 5% of people who spend the most on health care
spend an average of around $50,000 annually; people in the top 1% have average
spending of over $109,750. At the other end of the spectrum, the 50% of the
population with the lowest spending accounted for only 3% of all total health
spending; the average spending for this group was $276.
Employers Pay 82% of Health
Insurance for Single Coverage
and 67% for Family Coverage. In 2018, the average company-provided
health insurance policy totaled $6,896 a year for single coverage. On average, employers paid 82 percent of the premium, or $5,655 a year.
Employees paid the
remaining 18 percent, or $1,241 a year.
The report, conducted by the
nonprofit International Foundation of Employee Benefit Plans, examines
deductibles among workers enrolled in employer-sponsored health care plans. A
deductible is the amount of money an employee will pay before his or her
insurance coverage starts to help with medical bills. The report found that for
employees with deductibles, the average they can expect to pay is $1,491 with
single coverage and $2,788 with family coverage.
Looking more closely at the
findings, of those who have single coverage health insurance:
7% have no deductible
16% have a deductible under $500
19% have a deductible between $500
and $999
46% have a deductible between $1,000
and $2,999
6% have a deductible between $3,000
and $3,999
6% have a deductible that is $4,000
or higher.
Of those who have family health
care coverage:
7% have no deductible
3% have a deductible under $500
11% have a deductible between $500
and $999
29% have a deductible between $1,000
and $2,999
26% have a deductible between $3,000
and $4,999
23% have a deductible of $5,000 or
higher.
Norb
Leahy, Dunwoody GA Tea Party Leader
No comments:
Post a Comment