Excerpt:According to a new report issued by the United States Department of Treasury, nearly half of all Americans under the age of 65 will lose their health care insurance in the next ten years.
The study tracks the insurance status of a representative group of Americans from 1997 to 2006. Given that this period was generally characterized by economic growth and job creation, and that the most recent estimates indicate a positive trend in the number of uninsured Americans, extrapolating our findings into the next decade would likely underestimate the number of Americans who will go without insurance absent health insurance reform.
17,000 people lose their health insurance in America every single day in the last six months. Health care in America is in crisis. Since the percentage of income Americans spend on health care insurance and out of pocket expenses is rising exponentially, we have a real health care crisis that directly effects the economy. Health care and the economy are inextricably bound together.