The Urgency of Reducing the Cost of American Healthcare

 

Just a few days ago I announced my candidacy in the Republican Primary for U.S. Senate against the incumbent Deb Fischer who is doing nothing to reduce our badly out-of-control national debt and, in fact, just voted to increase it by $1 trillion over the next decade.
It is the high cost of government spending for Medicare, Medicaid and the tax exemption for employer-provided care which is the main driver of federal debt.
But healthcare is also getting very, very expensive for American workers and retirees as well.  In my last post, I reported that:

  • A family of four paid $26,944 for healthcare expenses last year which was 44% of median family income of $59,039.

And now the Kaiser Family Foundation has reported that:

  • In 2013 a Medicare beneficiaries’ average out-of-pocket healthcare spending was 41% of their average per capita Social Security income. This will rise to 50% in 2030.

Conclusion.  American healthcare is expensive for workers, retirees and taxpayers. In other words, it is expensive all the way around, for everybody.  There isn’t a lot of slack left to give way.  The cost of healthcare will impoverish our whole country if we can’t get it under control.  Stay tuned for proposed solution.

2 thoughts on “The Urgency of Reducing the Cost of American Healthcare

  1. Our current discussion of universal healthcare insurance doesn’t seem to have a uniform recognition of each person’s level of disposable income, healthcare continues to be the most common cause of personal bankruptcy actions. So goes our nation as a whole!

    • It is clear from the incredibly high cost of healthcare for the average individual that massive bankruptcies are not far away if we can’t figure out how to solve this problem pdq!

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