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Originally Posted by saden1
For those interested where the overall national healthcare expenditure went and where it came from you might be interested in this chart produced by the United States Department of Health and Human Services. |
This is actually very helpful for illustrating a point, thanks for posting.
You'll see on slide 2 of saden's link, it shows that 19% of healthcare spending was paid for through Medicare, and 15% through state Medicaid programs. Combined, that's 34% of the nation's healthcare spending from government programs.
Government budgets are suffering right now, and Obama's budget includes minimal increases in reimbursement from Medicare. State budgets are even worse off, and most aren't increasing reimbursement at all.
Overall, healthcare expenses are growing 7% per year. But, as noted, no increases are expected to come from the government. This means the rest of the payers need to fund the entire nation's 7% increase in expenses.
So for those of us not covered by government programs, the increase will feel like a 10.6% increase. We have to carry the government's share of the increase (7% / [1-.34] ) = 10.6%.