Skyrocketing healthcare PRICES…
Over the last 20 years, the increase in prices of hospital services and medical care services far outpaced wages, housing, and inflation.
… and less coverage by employers
The increasing costs of healthcare to businesses (particularly small and medium size) are reflected in the declining percent of businesses offering health insurance: In 2000, almost half of all businesses provided health coverage to their employees. Now, that number is 29 percent.
…lead to higher healthcare costs for families.
In 2018, the average family paid more to hospitals than to the federal government in taxes.
In the meantime, administrative costs continue to climb.
The number of healthcare administrators has exponentially grown in comparison to the number of practicing physicians over the past 40 years.