The Obama administration, meanwhile, says it intends to make healthcare reform its top fiscal priority this year. No details were announced on specific proposals. The pledge comes as a new government report says healthcare costs will rise to average more than $8,000 per American this year. That amounts to a per-person increase of $365 from 2008. The Department of Health and Human Services warns the Medicare hospital trust fund continues to lose money and could become insolvent within seven years. Bureaucratic costs as a result of the insurance-based private healthcare systems continue to account for a significant percentage of healthcare spending. Meanwhile, the number of uninsured has also grown. A new report from the Kaiser Family Foundation says 48 million Americans don’t have healthcare coverage.
Admin: Healthcare Reform Top Fiscal Priority
HeadlineFeb 24, 2009