As usual health care costs go up multiple times the rate of inflation as insurance increased by 113% in the last ten years, where as the ten year inflation rate was 25.3%! Obamacare did up the increase of health care, there's no question with that (1.8%), but outrageous health care costs are seriously killing the US economy. It hurts business and the consumer. It takes chips away at the US's consumer driven economy. It takes away expendable income from business and the consumer.
People like to say let's lower the costs by using tort reform, yet that would only lower costs by a mere 2%**.
One of the steps that must be taken to ensure a long-term sound economy is reigning in the outrageous and runaway costs of health care in the US.
**
Limiting Tort Liability for Medical Malpractice
When will folks like you catch on?
Never?
Did you notice that when you buy auto or homeowners insurance, you can tell
the company what coverage you wish...and that determines your costs?
Do you know that doing same with health insurance would lower an individual's
costs 30 to 50 percent???
COVERAGE MANDATES: "WE'LL TELL YOU WHAT YOU NEED"
Insurance coverage mandates refer to the restrictions each state sets on which type of policy can be sold legally within that market. For example, fourteen states now require all insurance plans sold to
cover infertility treatments, regardless of the patient's need or desire for these services. Other states ban the sale of insurance plans unless they include coverage for massage therapy, obesity surgery, pastoral care, and wigs.
Needle-phobic consumers cannot buy plans without acupuncture coverage, and teetotalers must pay for plans that include inpatient drug rehabilitation, says Dr. Linda Halderman, a General Surgeon and policy adviser in the California State Senate.
What effect do mandates have on the cost of health insurance?
According to the National Center for Policy Analysis,
just 12 of the most common insurance mandates currently in place raise premium rates by as much as 30 percent.
The State of California forces
over 50 such mandates on the employer-provided (group) insurance market, but not on individual plans; consequently, it costs three times more for California employers to offer insurance than if a plan is privately purchased.
In mandate-heavy states,
consumers are denied the option of buying low-cost, basic health insurance plans to cover major illness or injury. They
cannot choose to save money by paying out of pocket for ten-dollar pneumococcus pneumonia vaccines and ninety-dollar mammograms, thereby reserving health insurance for significant expenses, explains Halderman.
In those states, insurance is not insurance at all -- it is expensive, prepaid health care. In other words, when Hummers and Ferraris are the only vehicles sold, people on Toyota budgets can't afford transportation, says Halderman.
Source: Linda Halderman, "Senate's Solution: Consumer Choice Is Dead on Arrival," American Thinkers, December 16, 2009.
Archived-Articles: Senate's Solution: Consumer Choice Is Dead on Arrival
And...did you know that the increase in college costs outstrips healthcare increases???
Didn't know???
Could it be because the Left has their interests tied to the indocrination in colleges?
Wise up...you're being played.