It is anticipated that these premium increases will add another 750,000 people to the ranks of the uninsured on top of the one million annual increase in the number of uninsured we have been experiencing over the last decade.
Experts agree that level of health care spending often makes it difficult to pay other bills.
The price of health insurance for workers has more doubled over the last 10 years. Many experts agree that our health care system is riddled with inefficiencies, excessive expenses, inflated prices, poor management, inappropriate care, waste and fraud. These problems significantly increase the cost of medical care and help push up the cost of health insurance for employers and consumers. Policymakers have not yet agreed on the best ways to address these serious problems. Some favor price controls and imposing strict budgets on health care spending.