So what if healthcare care reform doesn’t happen? What’s the cost of staying with the status quo?
Yesterday, the Robert Wood Johnson Foundation and the Urban Institute released a report with the answer. It’s not a pretty one.
Healthcare costs will jump 34% in just five years. Ten million more Americans will be added to the rolls of the uninsured, bringing the total to 59.7 million.
In a decade, healthcare costs will be 79% higher and 67.6 million Americans will be uninsured.
Who will take the hardest hits? Middle-income families, says the report, along with older adults.
Expect premiums to double in ten years. Employees (if they are covered at all) and employers will pay a lot more.
Work for a small or medium-sized firm? Forget it. More and more of these firms won’t even offer healthcare insurance. Wait a minute—aren’t these firms the source of job creation? Oh, well.
“By examining the best available economic data, we can project what will happen to our health care system if we continue along our current path,” says an author of the study. “The bottom line is that we are likely to see a significant deterioration in who has health insurance coverage in this country, coupled with untenable increases in private and public spending.”
So that’s it. The costs of doing nothing make doing nothing an unconscionable moral choice.
What do you think of the study’s findings? Do they strengthen your resolve for reform? Or, are they just painting an overly gloomy picture?