Who Pays for Health Care?
All the recent talk about health care reform has me thinking about an article I read last year about who pays for health care. So let’s begin with a question; namely, who do you think pays for health care? Is it employers? The government? Insurance companies? Individuals? If you’re like most Americans, you probably believe that employers pay the bulk of their workers’ insurance premiums and that governments pay for Medicare and Medicaid (and some will remember to add in the State Children’s Health Insurance Program – SCHIP). Some of you will no doubt believe that insurance companies pay for a lot of our health care since that’s where so many of the bills seem to go. In actuality, according to the article I read in the Journal of the American Medical Association, the answer is that it’s individuals and households who pay for the entire health care bill. Moreover, […]
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