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.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info