President Obama/Industry Savings Plan to Double Healthcare Costs in Thirteen Years.
In 2008, total national health expenditures were expected to rise 6.9 percent -- two times the rate of inflation.
If the Obama/industry plan saves us 1.5% of that increase annually, we will be left with 5.4% annual increases. In 13 years your familys healthcare will double from todays $14000, to tomorrows $28,204. It means next year your healthcare savings will cost you $775.00 more.
According to the Physicians for a National Health Program, savings from H.R.676 would lower the 2008 cost of healthcare in the United States $350,000,000,000 from $7195. per capita to $5962, the savings from which could insure every American at no additional costs.
According to this report from the Mckinsey Institute the waste in for profit healthcare is $450,000,000,000. It also says we are not sicker.
I have three models below for Single payer healthcare, and there are more. The free marketeers are welcome to offer their model of a private system. President Obama was on television today offering a public/private hybrid plan that will increase your costs by $775, and pay UNH CEO Stephen Hemsley at least $9.5 million dollars. By comparison Kathleen Sebelius, the Secretary of the Department of Health and Human Services earns $193,000 and a Government plan would have a similar payscale.
In 2008, the United States will spend 17 percent of its gross domestic product (GDP) on health care. It is projected that the percentage will reach 20 percent by 2017.
Although nearly 46 million Americans are uninsured, the United States spends more on health care than other industrialized nations, and those countries provide health insurance to all their citizens.
Health care spending accounted for 10.9 percent of the GDP in Switzerland, 10.7 percent in Germany, 9.7 percent in Canada and 9.5 percent in France, according to the Organization for Economic Cooperation and Development
The full report is here.