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The Rising Cost of Health Insurance

In The Cost of Failure to Enact Health Reform, the authors contend the implications of health insurance benefits without reform. They suggest the following problematic claims looking ahead to the next 10-years:

  • The number of uninsured Americans will increase from 49.4 million in 2010 to 59.7 in 2015 and 67.6 million in 2020
  • Premiums would become increasingly expensive for employers and their workers. Premiums for both single and family policies would more than double by 2020, increasing from $4,800 to $10,300 for single policies and from $12,100 to $25,600 for family policies
  • Employers would see large increases in premium costs. Employer premium spending would increase from $430 billion in 2010 to $851 billion in 2020, a 98 percent increase.
  • Health care costs paid directly by families would increase significantly. Individual and family spending on premiums and out-of-pocket health care costs would increase from $315 billion in 2010 to $564 billion in 2020. In the best case, these costs would rise to $471 billion by 2020.

No matter what steps the US government chooses to curb this rampant rise in health care costs, it is becoming evident that the best way to protect yourself and your family is to PREVENT injury and illness.  Each of us needs to take these issues seriously and start taking steps today to increase our health by making daily choices to stay healthy.  From eating well, exercising, working and driving safely, we all can make a huge impact on our health, but we must start today, and not wait for the government, our doctors, our family to do it for us.

As the government continues to fight over the right steps for this country, I urge you to take control of your health and the health of your family!  Today is the first day of the rest of your life.  Let’s make it a great start!

Article cited from The Cost of Failure to Enact Health Reform: 2010 to 2020 by Bowen Garrett, Matthew Buettgens, Lan Doan and Irene Headen

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