Tuesday, March 01, 2005

Best ignore this since we've got that whole Social Security crisis to deal with

Health care tab ready to explode

Let's see; bin Laden attacks the US, invade Iraq. North Korea has nukes, threaten Iran. Healthcare system approaching a shambles, look to tackle Social Security.

Perhaps Bush just has a short attention span.

The nation's tab for health care — already the highest per person in the industrialized world — could hit $3.6 trillion by 2014, or nearly 19% of the entire U.S. economy, up from 15.4% now, a sobering government projection says.

By 2014, the nation's spending for health care will equal $11,045 for every man, woman and child, up from $6,423 each this year, says the report released Wednesday by the Centers for Medicare & Medicaid Services. Those numbers are not adjusted for inflation.

While the growth of health insurance premiums will continue to slow, the annual increases will still exceed growth in workers' disposable income. More could become uninsured as a result.

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