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Healthcare costs

An interesting study on the rise of healthcare costs and the uninsured made headlines last week.

Kenneth Thorpe, an economist at Emory University in Atlanta, wrote the report for the nonpartisan consumer advocacy group Families USA.

According to the data, the healthcare costs of the uninsured are being covered by those with insurance. This finding won’t come as a surprise to most of us, but Thorpe’s report attempts to quantify just how much this tab is per family. He asserts that it will take $922 this year, on average, in extra premiums for employer-provided family health insurance.

“The stakes are high both for businesses and for workers who do have health insurance because they bear the brunt of costs for the uninsured,” says Ron Pollack, executive director of Families USA.

U.S. Sen. Gordon Smith (R-Oregon) adds, “Today’s small businesses often face the harsh choice between ending employee health coverage or facing bankruptcy.”

As this study points out, there is no such thing as free healthcare. Someone pays.

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