“A common misnomer on the uninsured is that they are poor and have no money. The average uninsured makes over $50,000 a year.”
In today’s business marketplace, business owners understand that all employees want and expect some form of medical benefit coverage. Receiving healthcare is a right, however receiving benefits through your employer is not. Benefits have proven to be a significant factor in recruitment, retention and attractive of employees, absenteeism and reduction of turnover. More and more companies today simply do not offer health care benefits to their employees. In today’s marketplace employees are responsible for anywhere between 25% - 75% of their own health care costs (Employee Only), with the employer picking up between 25% - 75% of the cost. It is also traditional for the employee to pay for employee plus one and family coverage. Many blue collar, hourly and part-time employees (and self employed) are desperately in need of some form of medical benefits. Yet, based upon their limited earnings, and with current premiums for family coverage ranging from $600-$1400 and upward (sometimes over $2,400 a month), even a portion of such premium is proving to be unaffordable, putting the security of health care insurance out of firmly out the average worker’s grasp. For the unemployed health care is simply unaffordable and unattainable.
Our Country is in a serious Health Care Crisis that continues to spiral out of control. Our political leaders have not been able to provide any realistic solutions to the skyrocketing health care costs, which is making health care unaffordable for everyday Americans. Below are facts that clearly show how the health care crisis is only going to get worse as time goes on, and healthcare costs will continue to become more unattainable.
- Approximately 50 million Americans uninsured without health insurance.
- Approximately 120 million without dental insurance.
- Approximately 35% of Hispanics in America do not have health insurance or access to it.
- Approximately 21% of African Americans do not have access to health insurance.
- 8% of covered insured have no claims
- 61% of covered insured have less than $1,000 in claims during the year
- 85% of insured have less than $5,000 in claims during the year
- 97% of insured never exceed $25,000 in claims during the year
- 5% of members account for 50% of plan costs
- The lower 50% of spending accounted for three percent of the total national health care dollars.
(Yes, the healthy pay the costs of care for the unhealthy in higher insurance premiums.)
- Prescription Drugs can be up to 80% less if you live in a foreign country and not in the United States.
The same drug made by the same manufacturer costs more in the U.S. than in any other country.
- Parts for a hip replacement cost up to 80% less in India than in the U.S. even though sometimes they are made by the same manufacturer.
- Americans can obtain surgeries by American trained doctors overseas in hospitals equal to or better than American Hospitals for up to 90% less. Yet, healthcare in the U.S. continues to remain unaffordable. Why?
- The number of Americans age 65 or over will double by 2050.
- The number of people age 85 or over will quadruple by 2050.
- By 2030 over half of U.S. adults will be over age 50.
- The over 65 population will nearly triple as a result of the aging boomers.
- More than six of every 10 boomers will be managing more than one chronic condition.
- More than one out of every three boomers - over 21 million - will be considered obese.
- One out of every four boomers - 14 million - will be living with diabetes.
- Nearly one out of every two boomers - more than 26 million - will be living with arthritis.
- Eight times more knee replacements will be performed in 2030 than today.
- 62% of 50 to 64 year olds reported they had at least six chronic conditions including hypertension, high cholesterol, arthritis, diabetes, heart disease, and cancer. As boomers age, the number with multiple chronic conditions is expected to grow from almost 8.6 million today (about one out of every 10 boomers) to almost 37 million in 2030.
- By 2030, there will be nearly twice as many adult physician visits as there were in 2004, and boomers will account for more than four of every 10 of these visits.
- By 2030, if all boomers with diabetes receive recommended care, they will need 55 million laboratory tests per year - 44 million more than today.
Conclusion - Our health care system is already on overload and the costs are going to significantly increase as time goes on and reach a point where no one will be able to afford health care.
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