From the Annals of Family Medicine: the cost of health insurance will be more than all the money you earn.
That is, according to Richard Young of John Peter Smith Hospital and Jennifer DeVoe from Oregon Health Sciences University.
DeVoe and colleagues previously estimated that the cost of a family health insurance premium would equal the median household income by the year 2025. But after that model was published, there was a slowdown in healthcare spending… so they updated the model.
Now, they estimate that the cost of health insurance for a family will surpass what the household makes by the year 2033.
But maybe as late as 2037… under the 2010 Patient Protection and Affordable Care Act.
Here are some highlights of the report:
So what do you think: does health insurance become moot at some point?
The report, “Who Will Have Health Insurance in the Future? An Updated Projection,” was published in the Annals of Family Medicine this month.
[Via TIME]
Image from Young & DeVoe (2012)
This post was originally published on Smartplanet.com