8/19/09

Why did NC health care costs rise more than 5 times faster than income?


Health insurance costs up by 97 percent since 2000


 


Health insurance premiums for working families in North Carolina increased by nearly 97 percent from 2000 to 2009, while median earnings increased by only 18.4 percent…


 


…In the Tar Heel State, the cost to insure a family has increased from $6,649 to $13,083.


 


…In 2009, the median pay was $27,330, up just $4,250 over the past 10 years, from $23,080.


 


Families USA…attributes the faster rate of increase for health insurance premiums to rising health-care spending, a lack of regulation, too little competition in the insurance industry, and cost shifting from the uninsured to the insured.


 


James Gallagher


The Business Journal of the Greater Triad Area


August 19, 2009



 


When spider webs unite


they can tie up a lion.


 


Ethiopian proverb


 


Why wouldn’t the healthcare industry’s position as a top political campaign contributor correlate to subsidized healthcare being one of the government’s largest expenditures, and if not, why does the healthcare industry contribute so much to those who wouldn’t reduce profits?


 


Did the leaders of the largest generation of parents in American history, promise themselves entitlements their children won’t have enough money to pay for?


 


It is incumbent on government to convey to future retirees, that the real resources currently promised to be available on retirement, will not be fully forthcoming.


 


Alan Greenspan


Conceded free-market deregulatory ideology was flawed in October, 2008

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