The Supreme Court came down with a landmark decision today by upholding President Obama’s health care law. It was ruled by a 5-4 majority that the penalty for not having insurance is considered a tax and therefore constitutional. How this will affect individuals, businesses and overall economic growth remains to be seen, but changes lay ahead.
Whether you’re a Republican, Democrat or Independent, we can all agree that the cost of health care is out of control and the rate of increase needs to be slowed down. At its current rate of growth, none of us will be able to afford health care in the future. As our wages grow at a modest amount, health cost grow with a fury, rapidly outpacing our incomes.
The rising costs are effectively represented with today’s infographic:
The most astonishing growth rate to me is the fact that health care costs have outpaced the growth of our wages by 150% since 1999. Again, there’s no way that we can continue at this rate without health care becoming unattainable as we get older.
READERS: Do you feel that health care costs are rising too quickly?
How do you feel about today’s Supreme Court decision?
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