Thursday, September 6, 2007

Health Care Costs Escalate

The cost for health coverage is expected to increase 6.7% next year, the most since 2004. As usual, employees are expected to shoulder the biggest share. Costs have gone up more than 6% for the last 3 years which is DOUBLE the rate of inflation and wage increases.

America already spends 16% of its Gross Domestic Product (GDP) on health care, how long can these increases continue before it breaks the bank? We need to look at what we're paying for because it directly impacts how much we pay. Then we can worry about who's paying. Complementary and alternative therapies have a lot to offer Americans, if the drug companies and medical establishment aren't successful in taking away our freedom to choose.

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