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Author Topic: Money  (Read 6387 times)

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AGelbert

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Re: Money
« Reply #435 on: October 27, 2018, 06:31:12 pm »
Report 👀

By Josh Bivens • October 10, 2018

SNIPPET 1:

What this report finds: Rapid growth in the cost of U.S. health care has put sustained downward pressure on wages and incomes. This rapid growth of spending has not purchased notably high-quality care, however. U.S. spending on health care is higher than in peer countries, while quality is lower. These high costs cannot be attributed to overuse of health care in America; instead, it is clear that the high price of health care is the culprit. Prices for pharmaceuticals, physician salaries, and medical procedures are almost uniformly higher in the U.S. than in peer countries—sometimes staggeringly so.

SNIPPET 2:

The canary in America’s health care coal mine: Rising costs for Employer Sponsored Insurance

Table 1 (Bottom 90% earnings, and insurance premiums and premium contributions for employer-sponsored health insurance, 1999 and 2016 and 1999–2016 change) shows one of the most salient trends in American economic life over recent decades—the rising cost of premiums for ESI (employer-sponsored insurance).

It shows employee contributions for these premiums, as well as their total cost, for both family and individual plans.  :P

The top panel of Figure A (Workers’ health insurance premiums are rising much faster than wages but not lowering out-of-pocket costs  >:() visually depicts the dramatic rise in health care costs as a share of income.😟

Full Report:

https://www.epi.org/publication/health-care-report/
This poor man cried, and the Lord heard him, and saved him out of all his troubles.. -- Psalm 34:6

 

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