Our Health Care Cost Increasing Faster Than Our Pay Scales

Today, in Washington it was officially reported that for every dollar we invest today in health care will be one of five dollars spent in the U.S. in another decade. This basically means that in ten years we will be spending about $1400.00 out of pocket where we currently spend $850.00 annually out of pocket. We will be paying about 5.3% more annually. The overall cost of health insurance though will increase more rapidly in the same time by 6.4% annually by the official reports reported today.

With this type of increased spending in the United States on health care will continue to out due our overall economy pace. According to this same report, that by the year 2016 the total cost of health care will be nearly $4 trillion. This was reported by economists from the Centers for Medicare and Medicaid Services. Currently the total cost is closer to $2 trillion.

John Poisal who is the deputy director of the government's National Health Statistics Group reported that consumers are spending more money on the latest treatments and a significant increase in the use of imaging equipment to detect blocks and other diseases and ailments. In fact, historically when income rises, the cost of health costs will increase more on the level of 1% in income and 1.5% in health costs.