Friday, September 26, 2014

Who's Paying For Health Care?

Who's paying for health care?

According to Investor's Business Daily, the government is paying for 46% of our nation's health care, and that percentage will continue to grow.
Federal, state and local governments will spend a total of $1.4 trillion on health care this year, which will account for a record-high 46% of the nation's total health care tab, according to spending data released by the Centers for Medicare and Medicaid Services.

That's up from the government's 39% share just a decade ago, and the share is expected to hit 48% by 2023, as government programs continue to grow faster than the overall health care economy, the report found.
And of course, he who pays the piper calls the tune.

If you expect "somebody else" to pay for your health care, don't be surprised if "somebody else" decides what health care you will (or will not) receive.