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.
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!