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.