A Quote by Annie Lowrey
So overall in the entire economy, the issue is not that health care costs are growing dramatically. The issue is that the burden placed on families is. So just between 2010 and 2016, the cost burden of family private insurance premiums jumped 28%, whereas incomes rose less than 20%.
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Soaring prescription drug costs have placed a tremendous strain on family budgets. They have also imposed a heavy burden on employers - both public and private - who are struggling to provide affordable health insurance coverage to their workers.
We know that Congress must find ways to reduce the cost of health insurance, including premiums and out-of-pocket costs, as well as to lower the actual costs of health care.
The burden of health care shouldn't be borne by the poorest families. We should have equity within health systems so that families are able to cope with serious illness and not be driven into poverty and relationship breakdown because they don't have access to health care.
Health care costs are an issue both for the government and for our larger economy.
It puts the provider in a situation of looking for ways to have someone else pick up a piece of the cost. As a result, every customer who has insurance ends up paying a 'hidden premium.' It simply adds to the health care cost burden.
If you take your kid in for the sniffles, you pay $20, but the full cost is $200. And so we need to get back to the price system where you see the full cost of health care, and then people will make smarter decisions. That will reduce health care costs, and it's a huge part of our economy.
The cost of health care and the cost of cars and fuel are huge burdens on families and businesses. We can reduce health care costs NOW by promoting biking, walking and transit.
In economic terms, health care is a highly successful industry - profitable, growing, and virtually recession-proof - but it's a massive burden on the rest of the economy.
I have young kids. The fiscal burden that will be imposed on them is going to depend primarily on whether we tackle this looming problem in our health care system - with rising costs that don't seem, by the way, to be necessarily associated with higher quality. That is the key burden that they will face.
Mention health in most companies, and the cost of health insurance is what comes to mind, not how the company can invest to prevent further escalation in societal health care costs.
What I am saying is, all health care has a problem with costs. Medicare is growing slower than the private insurance plans. Why? Because of their efficiency. They don't have to give money to shareholders. Why should be defending shareholders?
Student debt in the US has exploded in the past decade. One of the reason is that the private costs of attending college have risen sharply, with public higher education funding having been cut sharply. Average public funding per student was 15 percent lower in 2015 than in 2008, and 20 percent lower than in 1990. The burden of the public funding cuts has been worsened by the stagnation of average family incomes. By 2014, this figure had nearly doubled, to 35 percent of median household income.
Reducing health care costs for families requires increased competition in health insurance.
Our system of private health insurance that fails to provide coverage to so many of our citizens also contributes to the double-digit health care inflation that is making America less competitive in the global economy.
Without Free Choice Vouchers, there is little in the health reform law that discourages employers from increasingly passing the burden of health care costs onto their employees.
Under Obamacare - which placed 159 federal agencies, commissions, and bureaucracies between patients and doctors - patients not only face dramatically higher health care costs, they've also lost the power to choose the options right for them.
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