The Hidden Drain

Source: Niko Karvounis, New America Foundation, June 30, 2009

From the summary:
Recently, discussions around health care reform have begun in earnest among politicians and policymakers in Washington, D.C. and beyond. President Obama has spent the month of June hitting the trail and the airwaves making the case for reform, and legislators are now aiming to pass a health care reform bill sometime this summer. With the possibility of comprehensive changes to health care on the horizon, it is important for leaders and policymakers–as well as citizens–to understand the full argument for reforming the health care system in the United States.

High health care costs inhibit economic recovery in many ways: they consume ever more of our economy at a time when effective public spending and economic restructuring is absolutely critical and burden employers and workers who face stagnant wages, a more insecure labor market and higher out-of-pocket health care costs.

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