May 21, 2009 -- Our healthcare system is morbidly obese. We outspend by at least two-to-one every other comparable country and still manage to underperform. The industry’s latest promise to trim an amount equal to less than 10% of current annual spending each year for the next ten years barely nudges that ratio. Our system serves as the world’s model for what not to do.
WASHINGTON March 24, 2009 — The health insurance industry offered Tuesday for the first time to curb its controversial practice of charging higher premiums to people with a history of medical problems.
As Oregon lawmakers mull over the idea of moving toward a system that eventually requires insurers to cover everybody, they might want to consider lessons learned from our neighbors to the north… that is, Washington not Canada. (We aren’t going that far).
Our country spends more on healthcare than any other industrialized country, with costs absorbing 16 percent of our GNP (gross national product). If current trends hold, that percentage is expected to increase to 25 percent by the year 2015.