Orshe

If you think U.S. health-care spending is out of control today, just wait a decade. A report out today gives a state-by-state projection that concludes of how the number of people without health insurance will increase, spending on Medicaid and children’s health-care programs will balloon and out-of-pocket health costs for individuals and families will jump.

The report, commissioned by the Robert Wood Johnson Foundation and written by the Urban Institute, makes the following 10-year projections under its worst-case assumptions:

• In every state, the share of population getting health care through their job would fall; in more than half the states, the decline would be greater than 10%
• Every state’s spending for Medicaid and the Children’s Health Insurance Program (CHIP) would rise by more than 75%
• In 45 states, the amount of uncompensated care in the health system would more than double
• In 29 states, the number of those without insurance would grow by more than 30%
• Nationally, spending by American businesses for their workers’ health care would double.
• Individual and family spending on health care would jump by 46% to 68%

The report’s worst-case scenario assumes slow growth in incomes and high growth rates for health-care costs.

Image: iStockphoto

See the rest here:
Report Paints Dark Picture of Health-Care Costs in 2019