Health care costs and the potential loss of health care coverage are weighing heavily on the minds of many Americans. Politicians, well aware of the problem, continue to debate the issue but cannot arrive at a solution. Meanwhile the situation continues to worsen along with the psyche of the American public.
Nearly half of those surveyed in a recent poll say they are worried about their ability to pay for health care in the future.
Recent polls and research show that:
- Twenty-four percent said they feared losing health care coverage in the next year.
- Nearly 25 percent said that they or a family member delayed seeing a doctor in the past year because of what it might cost.
- 46 percent of those polled worried they would not be able to afford health care in the future.
- In February, the government estimated that health care costs this year would average $8,160 for every man, woman and child in the U.S. — an increase of $356 per person from 2008.
- Surveys show that an overwhelming 86 percent of Americans believe health reform is an important part of addressing the nation’s economic crisis.
It's estimated that nearly 50 million Americans are uninsured.
Nationwide 15.7 percent of Americans were uninsured in 2005. I think it is safe to assume that this number has grown.
To put the cost problem in perspective, Americans spend more on health care than they do on food and housing. The United States spent approximately $2.2 trillion on health care in 2007, or $7,421 per person. This is twice the average cost of other developed nations.
In the 1970s the United States spent seven percent of GDP on health care. By 2004 this number had soared to 15.4 percent. A simple comparison of cost, as measured by percent of GDP, with Canada, England, and Germany indicates that costs in the United States are not being managed effectively.
Source: the Center for Medicare and Medicaid Services
A study conducted by PricewaterhouseCoopers' Health Research Institute found that more than half of the $2.2 trillion spent on health care was wasteful spending.