Home Must Reads Health insurance will cost more than household earnings by 2033

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.




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

How to handle the unexpected

Contributed Blogs
Friday, March 28, 2014
03.28.14 thumb disasterBY TOM COX | OB BLOGGER

The next mysterious (or disastrous) event could be one that you or your team might suddenly need to respond to, probably under intense scrutiny.


Are millennials reshaping politics in the Pacific Northwest?

Wednesday, April 02, 2014

MillennialsThumbA new report explores the impact of millennials on Oregon's business and political climate.


The future of money

March 2014
Tuesday, February 25, 2014

An ancient institution moves slowly into the digital age. 


On fire

March 2014
Tuesday, February 25, 2014

A self-proclaimed “chile head,” John Ford “grows, eats and does everything spicy.” 


Small business sales go big

March 2014
Tuesday, February 25, 2014


Sales of small businesses surged in 2013 according to the biggest Internet marketplace of such transactions, BizBuySell, increasing to 7,056 reported sales, a 24% increase over 2012, when they dropped 7%. Portland Metro sales tracked by the site grew 9% to 73, capping three years of solid growth. On top of that, Portland’s median sale price jumped 67% to $250K, versus just 13% to $180K nationally. Portland was one of just six metros tracked where the median sale price matched the median asking price, with sellers getting, on average, 92% of what they asked.

BTNMarch14 tableBTNMarch14 line

BTNMarch14 piePDXBTNMarch14 pieUSA


100 Best Companies to Work for in Oregon [VIDEO]

Monday, March 03, 2014

Screen shot 2014-03-03 at 11.26.47 AM

Check out interviews with employees from some of the 100 Best Companies to Work For in Oregon winners and find out what makes their company a great place to work.


Green eyeshades in the ivory tower

Friday, April 04, 2014
EducationCosts BlogBY ERIC FRUITS

The rapidly rising cost of higher education has left even the smartest researchers and the wonkiest of wonks wondering what’s happening and where’s all that money going. More and more, prospective students—and their families—are asking: Is college worth the cost?

Oregon Business magazinetitle-sponsored-links-02