Cost of health insurance will surpass income by 2033
There are two big reasons that health care costs are soaring. First of all, we're not buying "insurance", we're paying into a pre-paid health care plan, kind of like a service contract for our bodies, so that we only pay $10-$20 for a doctor visit. We have a "let the insurance pay for it" attifude. Secondly, we ignore lifestyle choices that give us medical conditions that require treatment.
The 2010 Patient Protection and Affordable Care Act isn't really about making health care affordable or more available.
The non-partisan Congressional Budget Office project $1.7 Trillion over ten years, almost double the $900 Billion quoted by the President and Congress when they passed it. It's estimate the costs will top $2 Trillion by 2022.
The CBO projected that up to 20 Million American will lose health insurance coverage due to the 2010 Patient Protection and Affordable Care Act. The CBO expects employers to drop insurance coverage primarily for low-wage earners, and they will, for good economic reasons. My employers spends about $10,000 on my health coverage, way more than the penalty for dropping coverage. Want to increase your company's bottom line? Drop health coverage. This is part of the plan to drive people into government provided health coverage.
