U.S. Residents Pay $8,000/year “Poll Tax” for Healthcare

U.S. Residents Pay $8,000/year “Poll Tax” for Healthcare says Top Economist “SAN DIEGO — The United States’ sky-high health-care costs are so far above what people pay in other countries that they are the equivalent of a hefty tax, Princeton University economists Anne Case and Angus Deaton say. They are surprised Americans aren’t revolting against these taxes. “A few people […]

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U.S. Spends $2,500 Per Person on Healthcare Administrative Costs vs Canada’s $550

U.S. Spends $2500 Per Person on Healthcare Administrative Costs vs Canada’s $550 “..The U.S. now spends nearly five times more per person on health care administration than Canada does. The U.S. administrative costs came out to $812 billion in 2017, or $2,497 per person in the U.S. compared with $551 per person in Canada, according […]

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Due to U.S. Multipayer System, Administrative Costs 4 Times Higher than Canada’s Healthcare System

Due to U.S. Multi-payer System, Administrative Costs Billions Higher than Canada’s Healthcare System “Background: Before Canada’s single-payer reform, its payment system, health costs, and number of health administrative personnel per capita resembled those of the United States. By 1999, administration accounted for 31% of U.S. health expenditures versus 16.7% in Canada. No recent comprehensive analyses of […]

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A Record 25% of U.S. Residents Put Off Treatment for a Serious Medical Condition Due to Cost, Up from 19% in 2018

A Record 25% of U.S. Residents Put Off Treatment for a Serious Medical Condition Due to Cost, Up from 19% in 2018 “More Americans Delaying Medical Treatment Due to Cost STORY HIGHLIGHTS A third of U.S. adults say their family couldn’t afford care in past year One in four say care was deferred for a serious medical […]

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Premiums for Families in CA are Over $20,000 Per Year, Equivalent to $10/hour for a Full-time Worker

Premiums for Families in CA are Over $20,000 Per Year, Equivalent to $10/hour for a Full-time Worker “Over the last ten years, the cost of job-based health coverage–premiums and annual deductibles–has climbed steeply in California, while wages for the typical worker haven’t grown at all after accounting for inflation. Premiums have grown substantially while typical wages […]

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Private Insurance Spending has Grown Much Faster than Medicare and Medicaid Spending

Private Insurance Spending has Grown Much Faster than Medicare and Medicaid Spending “Private insurance’s costs are skyrocketing” Reproduced from Kaiser Family Foundation; Chart: Axios Visuals “The cost of private health insurance is out of control, compared to Medicare and Medicaid. You see that clearly if you take a long-term view of recently released federal data […]

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Healthcare CEOs Have Highest Median Incomes at $14.9 million

Healthcare CEOs Have Highest Median Incomes at $14.9 million “Industry Comparison The healthcare sector, which includes traditional healthcare, insurance as well as biopharma companies, had the highest median CEO pay package among S&P 500 companies at $14.9 million, followed by industrial goods at $13.9 million. Utilities CEOs were awarded a median $9.3 million, the lowest […]

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Low Income Workers Spend a Higher % of Income on Insurance for Less Coverage than Middle and High Income Workers

Low Income Workers Spend a Higher % of Income on Insurance for Less Coverage than Middle and High Income Workers “..But compared to middle and upper-income employees, low-income workers are often offered less robust coverage, get less employer help with their premiums, and must pay a greater share of their income toward health care costs. […]

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Health Insurance Reduces Mid-life Mortality

Health Insurance Reduces Mid-life Mortality “…We evaluate a randomized pilot study in which the IRS sent informational letters to 3.9 million taxpayers who paid a tax penalty for lacking health insurance coverage under the Affordable Care Act. Drawing on administrative data, we study the effect of the intervention on taxpayers’ subsequent health insurance enrollment and […]

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