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Tuesday, February 9, 2010

Health costs increasing

It may seem obvious, but these days it's necessary to say: Health reform will help Americans across the country.

If Congress passes reform, people with pre-existing conditions will be able to get insurance, those who are sick will not lose care, seniors will not have to worry about the ‘doughnut hole' anymore, and young people will be able to stay on their parents' plans longer.

One issue that almost every American struggles with is skyrocketing costs. As costs continue to soar, and more people are priced out of coverage, it's become more and more apparent that the status quo is simply unsustainable.

Case in point: According to a new study by Bucks' Consulting 21st National Health Care Trend, costs will continue to surge. In 2010, health care costs for all type of plans will increase over 10% across the board.

According to Health Populi,

The double-digit cost increases that Buck Consultants expect are over twice the rate of general inflation in the U.S. expected in 2010. Thus, the marketplace isn't nearly moderating health costs on its own without the influence of health reform.

Simply put, American families and business will pay even more each year for health care if Congress fails to pass reform. Health care will become increasingly less affordable, thus leading to heavier burdens on businesses and families throughout the country, and growing numbers of people without health coverage.

We've seen what happens with the status quo, and we've seen a preview of what costs will look like down the road. We cannot stop these skyrocketing costs without reform. Americans are waiting.