Sunday, March 2, 2008

health insurance cost inflation

Health care costs are predicted to double in the next decade, to almost a third of our gross national product, according to government estimates issued last week. These forecasts are made with or without national health care reform. Political changes are not likely to significantly affect this trend.

This means that a short term medical insurance policy that costs $100 now will cost $200 per month by 2017. An average person's wages will not double over the same period, so health care and health insurance will become slightly less affordable over the next decade.

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