Tuesday, June 21, 2005

Healthcare Costs

No surprise, the healthcare system in this country lurches closer to the edge. We simply cannot go on devoting this much money to healthcare in the US (15% of GDP and rising).

After hints that the rapid growth in health care spending was slowing, a report being released today suggests the brief reprieve has stalled and the soaring costs are likely to force more people out of the market.

Health spending by privately insured Americans rose 8.2 percent in 2004, virtually the same increase as the previous year, according to analysts at the Center for Studying Health System Change, a nonpartisan research group.


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