Health insurance will cost more than household earnings by 2033

| Print |  Email
Must Reads
Wednesday, March 14, 2012

Health insurance for a family will cost more than the average annual earnings of a household by 2033, if premiums and wages continue at current growth rates.

And while the federal Affordable Care Act is projected to slow the rate of growth, it will buy only four more years until the costs of coverage exceeds median family income, according to an analysis co-authored by Dr. Jennifer DeVoe of Oregon Health & Science University. 
The researchers warn that the U.S. health care system is headed toward a meltdown unless the country can agree on reforms that substantially curb the growth of spending. 
"We're not bending the cost curve enough," says DeVoe, a family medicine physician and associate professor. "It's an unsustainable system."

Read more at OregonLive.com.

{biztweet}healthcare{/biztweet}

 

Comments   

 
John  A. Ward
0 #1 Health insurance cost more than earningsJohn A. Ward 2012-03-14 12:56:47
It is wonderful how 'intelligent' people to a linear projection of a factor that isn't linear. Then they make a multiple paragraph of their stupid projection and all the things that will befall us and their equally suspect solutions. Health care will never equal earnings. We will simply stop paying for it and a reduced cost version will be offered, or nothing will be offered.
Quote | Report to administrator
 

More Articles

Top stories in 2014

The Latest
Thursday, December 18, 2014
10-listthumb

2014 was a year of wild contradictions, fast-paced growth and unexpected revelations.


Read more...

Woman of Steel

November/December 2014
Wednesday, October 22, 2014
BY LINDA BAKER

Tamara Lundgren tackles the challenges—without getting trampled.


Read more...

Old school: Paulsen's Pharmacy maintains old fashion ethos

The Latest
Thursday, December 18, 2014
121914-pharmacy-thumbBY MEGHAN NOLT

VIDEO: Under the radar — complete with a soda counter, the traditional Paulsen's Pharmacy looks to compete with big box retailers.


Read more...

Leading with the right brain

News
Tuesday, December 09, 2014
120914-manderson-thumbBY LINDA BAKER

On the eve of the Portland Ad Federation's Rosey Awards, Matt Anderson, CEO of Struck, talks about the transition from creative director to CEO, the Portland talent pool and whether data is the new black in the creative services sector.


Read more...

Crowdfunding 2.0

News
Tuesday, December 02, 2014
120214-crowdfund-thumbBY LINDA BAKER

A conversation with attorney Erich Merrill about the latest way to raise money from large groups of people.


Read more...

Corner Office: Marv LaPorte

January-Powerbook 2015
Saturday, December 13, 2014

The president of LaPorte & Associates lets us in on his day-to-day life.


Read more...

I Know How You Feel

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Most smartphones come equipped with speech recognition systems like Siri or Cortana that are capable of understanding the human voice and putting words into actions. But what if smartphones could do more? What if smartphones could register feeling?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS