Health Care in America

It’s a source of anxiety for a lot of Americans: health insurance costs. According to a Rasmussen poll, 53% of Americans have an “unfavorable” position on the Patient Protection Affordable Care Act (PPACA), thinking that the new health reform law will increase costs.

According to the New York Times however, health insurance costs are already high, with or without the ACA:

“Whether directly from their wallets or through insurance policies, Americans pay more for almost every interaction with the medical system. They are typically prescribed more expensive procedures and tests than people in other countries, no matter if those nations operate a private or national health system.” (New York Times, June 2013)

The quote above is substantiated by an “International Federation of Health Plans 2012 Comparative Price” report. That report examines medical and hospital costs for different countries. One scary trend shows Americans are overpaying across mostly every category.

Be sure to regularly check in for health reform updates on our blog. And, we'll keep you posted on all things FSA!

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