The Rising Cost Of Healthcare
As healthcare costs rise higher and higher, outpacing the inflation rate, it is an increasingly growing concern for many of Americans. This is especially true for the millions of baby boomers that are starting to retire and will leave employer financed healthcare plans.
While they will have the benefits of medicare and the social security systems, even that is a cause for worry. With the national debt now over $9 Trillion dollars, that figure is expected to rise sharply as the baby boomers strain those two systems with their large numbers. The government has for years avoided this looming financial crisis, with their unbalanced budgets and huge deficit spending, that will soon become monumentally worse in the upcoming years.
Many employers are feeling the crunch as well and in order to maintain the bottom line, have started shifting the cost of rising premiums to their employees. The result being that healthcare is now taking an increasingly larger percentage of many Americans yearly incomes.
Healthcare reform is one of the major topics for the many candidates in this upcoming election year. While the government has always been ideologically against socialized medicine, sadly the one surefire way to lower healthcare costs is to lower quality.
While this scares many people, as the percentage of uninsured Americans grow, for those people that are in the lower income classes it may be their only chance at getting some sort healthcare coverage, even if it’s of the bad kind.
