…the rising cost of healthcare is driving people to lose their coverage because costs of employer funded healthcare are rising faster than we can keep up. When I co-founded my web agency in 1997, we offered healthcare and paid the entire cost. Today that isn’t possible anymore and employees share part of the cost, and many business don’t even offer coverage, or offer “sham” coverage.
The reality is that the current approach to health insurance has resulted in a loss of coverage for millions of people. From 1998 to 2008, the percentage of large employers who offered health coverage shrank from 66% to 31%, and the trend continues downward today . Rising costs will mean that many employees who are offered coverage won’t be able to afford to accept it.
My friend Shabbir Safdar has posted an articulate response to some of the myths about healthcare reform here.