Projected Insurance Premiums: The cost of doing nothing.

LiberalFighter

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Fri Jul-31-09 07:56 PM
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Projected Insurance Premiums: The cost of doing nothing.

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PA Democrat

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Fri Jul-31-09 08:08 PM
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1. That's enough to take your breath away.

I doubt personal income will grow at anything near that rate. Without significant change (single payer) health care costs will be a tremendous drag on the economy and will significantly lower the standard of living for most Americans.

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WeCanWorkItOut

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Fri Jul-31-09 08:27 PM
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2. We also need to do something about the doctors' groups

Wherever the doctors' groups or POs (physician organizations) are strongest,
the prices are going up most, apparently. But who in the media talks about the
increasing monopoly power of the doctors' groups?
And the Democrats don't seem to have a clue. Or perhaps they don't want to know.

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AzDar

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Fri Jul-31-09 10:36 PM
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3. Kickety!

:kick:

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bobw999

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Fri Jul-31-09 10:53 PM
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4. Jeez...$21,779 for Florida!!

That is 2X the annual income for most of the people I know!

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Juche

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Sat Aug-01-09 04:42 AM
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5. Sadly, reform only slightly slows this trend

Even with a high quality plan with a strong public option, prices will still be insane by 2019.

http://www.commonwealthfund.org/Content/Publications/Fund-Reports/2009/Feb/The-Path-to-a-High-Performance-US-Health-System.aspx

5.5% annual growth instead of 6.7%. It will save us 3 trillion over a decade, but premiums will still be insanely high.

13150*(1.067)^10=25151
13150*(1.055)^10=22462

So about 10% less, which isn't a small number, but still. When you consider the consolidation of wealth in the hands of the top 10%, asking a family to have 22k for healthcare when wages will probably barely have kept up with inflation is going to be a huge problem.

Hopefully we switch to single payer some time in the next decade. I think that is proably what'll happen.

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