News & Events News Uninsured Americans to Spend $30B
December 31, 2007 Physicians Avert Cut to Medicare Payments January 9, 2008 Study Estimates 27,000 Deaths Resulted from Lack of Health Insurance in 2007 January 17, 2008 NPAF Urges Action on Expanded Access Read All |
Uninsured Americans to Spend $30B |
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A new study published Monday in the journal Health Affairs reports that the uninsured will spend $30 billion on out-of-pocket health expenses this year and in addition, other parties including the governement will spend about $56 billion covering costs for those who lack health insurance. The study, reported on by a team from George Mason University, found that in order to fit the bill for the uninsured's uncompensated care governement agencies are paying about $42.9 billion and some physicians and hospitals are even forgoing profit. According to federal data, healthcare spending which accounts for 16.3% of the gross domestic product for 2007 could almost double in the next 10 years. |
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