The Rising Cost of Healthcare

Essay specific features

 

Issue:

Technology

 

Written by:

Myrna J

 

Date added:

January 31, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

5 / 1186

 

Was viewed:

4351 times

 

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Essay content:

The insured should consider all of these reasons before getting upset. In 2004, employee health care premiums increased over 11 percent, four times more than the rate of inflation. In 2003, premiums rose 10.1 percent and in 2002 they rose 15 percent. Employee spending for coverage increased 126 percent between 2000 and 2004...
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Those increases were lower than expected. (National Coalition on Health Care, 2005, Facts on health care costs). Premiums have risen five times faster than workers wages, on average. If medical spending continues to rise by just two percent more than personal income, by 2040 Medicare and Medicaid would hit 18...
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