Most Americans are just a single illness away from losing everything. In our country today, medical bills are the number one reason why people go bankrupt, and many of them even had “good health insurance”. As you will see below, even if you have “good health insurance” you can still be stuck with a $100,000 bill for a single hospital stay. Our healthcare system does not work, it is absolutely barbaric, and both political parties have completely dropped the ball. The big health insurance corporations now dominate the entire industry, and they have become masters at finding loopholes that will allow them to wiggle out from having to pay claims. The entire purpose of these companies is to take in as much money as possible and to pay out as little as they can, and in the process millions upon millions of American families are being financially ruined. (Read More...)
Healthcare Expenses
Healthcare Spending Now Accounts For Almost One-Fifth Of The Entire U.S. Economy
Everybody agrees that healthcare costs are way too high. Back in 1960, healthcare spending accounted for approximately 5 percent of GDP, and by 2020 it is being projected that healthcare spending will account for 20 percent of GDP. And when you break those numbers down into actual dollars, they become even more staggering. Back in 1960, an average of $146 was spent on healthcare per person for the entire year, but today that number has skyrocketed to $9,990. On a per capita basis, we spend far more than anyone else in the world on healthcare. In fact, we spend almost twice as much as most other industrialized nations on a per capita basis. Something has gone terribly wrong, and we desperately need to get this fixed. (Read More...)