Hillary Gave Statistics About Health Care – How Much Have Premiums Gone Up and What is The Cost Of Insurance Per Person

Hillary Gave Statistics About Health Care – How Much Have Premiums Gone Up and What is The Cost Of Insurance Per Person

Hillary Clinton

(Best Syndication) Besides Iraq, health care and insurance may be the big issue for the 2008 election. Democratic Presidential candidate Hillary Clinton said “no matter where I go or with whom I talk, I hear growing concern about the crisis in our health care system.” (See Videos Below) She told an audience at George Washington University that health insurance premiums have doubled since 2000, increasing four times faster than average wage.

Clinton told the audience that she understands the dilemma that employers face and pressure faced by companies that wants to compete globally. “We spend 16 percent of our gross domestic product - $2 trillion - on health care,” the former first lady said. “And by 2016, health costs are scheduled to exceed $4 trillion, or almost 20% of GDP.”

The situation is getting worse and prices are spirally out of control. Clinton said in “less than 10 years, 20 cents out of every dollar produced in America will be spent on healthcare.” Right now, we are the only country in the world that spends more than 12 percent of their GDP on healthcare.

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Americans spend $5,711 per patient. “The next highest spending country, Switzerland, spends $3,847 on patients,” Clinton said. “Yet, they cover every single one of their citizens and have an average life expectancy that is three years longer than ours.”

But how did this happen? The Presidential candidate said about 30% of the rise in health care spending is linked to the doubling of obesity among adults over the past 20 years. ‘In other words, if our obesity levels had remained at 1990 levels, we would be spending 10% less on health care today.” That could save Americans $220 billion.

Her research indicates that about “two-thirds of the rise in health care spending is associated with a rise in the prevalence of treatable disease - like diabetes, asthma and heart disease. 75% of all health care spending -- roughly $1.5 trillion -- is associated with the 4 to 5 percent of patients who have multiple chronic illnesses and require ongoing medical management over a period of years, or even decades. And 10-12% of the total health care budget is spent on end of life care.”

Our administrative costs are by far the highest in the world. Today more than one in four health care dollars goes to administration. 64% of private insurance plans' administrative costs are dedicated to underwriting health risks, sales, and marketing. Every man, woman and child in America spends $412 on health care administration, nearly six times as much as other countries. According to a recent report by McKinsey, the United States spends 98 billion more than other countries on excessive administrative costs that have nothing to do with delivering good health care.”

She ended her presentation with some hope, but a warning. “The people who deliver care, our doctors, our nurses our pharmacists and others, the people who pay for care, our business and our government and the people who receive care which is all the rest of us, because I know very well that every one of these recommendations will run into considerable opposition from forces that do not want change in our system.”

See what others are saying and join the discussion at our Forum

By Marsha Quinn
Best Syndication Health Writer

YouTube Videos

Hillary discusses her plan to achieve universal health care at a forum sponsored by SEIU and the Center for American Progress.

Hillary speaks with mothers in New Hampshire about her plan to provide health care for all children.

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