Think your employer-provided healthcare is safe? Think again.
Original post made by Poster boy, Another Pleasanton neighborhood, on Sep 15, 2009
Link: Web Link
It details how spiraling healthcare costs are either driving employers to pass on higher deductible and premium costs to their employees or forcing them to drop healthcare coverage altogether. If you think all this healthcare debate doesn't affect you because you already have insurance, or that we're better off doing nothing (hello GOP), then you should read this article and prepare for higher costs as soon as next January. Here's a snippet:
"Forty percent of employers surveyed said they are likely to increase the amount their workers pay out of pocket for doctor visits. Almost as many said they are likely to raise annual deductibles and the amount workers pay for prescription drugs. "
"A major business lobby weighed in Tuesday, saying that if current trends continue, annual health-care costs for employers will rise 166 percent over the next decade -- to $28,530 per employee."
It's currently about $12k/employee. 9 years ago it as $5k. The cost of doing nothing is 100 times more than the current $900 billion estimate over 10 years for Obama's healthcare plan. We can either spend $900 billion over 10 years (90 billion/year - barely 1% of our annual budget) to insure nearly everyone, lower our collective costs, criminalize rejecting claims based on preexisting conditions and other technicalities, and provide americans with a basic level of human decency that every other industrialized nation provides. Or we can do nothing, see everyone's costs more than double, see another 30 or 40 million hard working americans driven onto the roles of the uninsured, see our deficit explode, and see our economy tank. Or we can go with David Vitter's GOP plan, which is to eliminate medicare and replace it with a voucher system, get rid of employer-provided healthcare altogether and replace that with tax credits and subsidies for people to buy their own private insurance (which currently averages 12k/year for a family of 4), and pretty much do nothing for those 40 - 50 million currently uninsured.
The price of doing nothing is the highest price. Healthcare reform IS deficit reduction. If you think this won't affect you because you already have insurance, it's time to wake up...