No Health Insurance? It'll Cost You $30 Billion
Monday Aug 25, 2008No Health Insurance? It'll Cost You $30 Billion in Individual Health Insurance
According
to a report from George Mason University and the Urban Institute, if you don’t
have health insurance, you’ll spend a pretty penny on your health
care.
In total, uninsured Americans will spend a total of roughly $30 billion on health care this year.
The federal government’s health care bills aren’t looking any better — care for the uninsured will cost the feds around $56 billion.
The George Mason/Urban Institute report comes out at the same time as a Census Bureau report that will show total health care spending in the U.S. is $2.2 trillion.
That’s 16.3% of the total U.S. gross domestic product, reported the Wall Street Journal.
The article also reported that health care spending could double in just a decade. If spending continues to increase at that rate, we might actually be in an undisputed health care crisis.
So which health insurance reform is going to work again?
