Daily News Updates - Health Insurance News

Right to Adequate & Affordable, Pt.3 – Health insurance is not ‘pork-barrel’

Previous...

The good professor provides us with some trustworthy figures as evidence.  $15,600 a year.  That’s the average healthcare cost of the typical American family of four with employee-based health insurance.  Most of it’s paid by the employer, right now.  Even so, that’s a chunk of change for a lower middle-class working family.  Figure their average income settles somewhere between $20,000 to $55,000 a year.  Projecting the next 10 years with 3% pay increases (major optimistic)  for a $50,000 annual salary, we now have a $68,000 income.  The medical costs, however, are rising at 9%.  So that $15,600 a year health insurance/care expense now grows to $36,000.  That’s over half of a person’s annual pay.  Can or will it be paid?  Will health insurance just become a luxury for the wealthy, like other consumer goods?  Some say ‘yes’.  Should we allow this?  No.

The fact is, until we remove the ‘Reaganomics trickle-down economy’ mindset from the White House, we will continue to see negative average income growth.  At -$2,000 a year, this $50,000 income could fall to only $30,000.  Having $36,000 a year for health insurance/care will be reserved only for the rich aristocracy.  See how they’re tied together?  We have no choice but to demand our government step in.  Health insurance is not ‘pork-barrel’, Mr. McCain.  Mr. McCain?  Are you listening?

The $700 billion bailout is not a reason to place health insurance on the back burner.  It’s a reason the remove irresponsible leaders from Washington and suspend Wall Street’s driver license.  It’s time to remove the ‘training wheels’ from the Presidential debates and see who falls down.

Continued…
October News...