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The Complete Idiot's Guide to Economics, 2nd Edition by Tom Gorman

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Why the Current System Is Unsustainable

Although the current U.S. system of health care and health insurance is difficult to change, it is economically unsustainable. The following forces are working against it, and the 2010 legislation often derisively called Obamacare won’t do away with them.

Growth of Costs

Health-care and health-insurance costs have greatly outpaced inflation in most of the past 20 years. Health-insurance premiums more than doubled for the average U.S. worker from 2001 to 2007 and have continued to grow at comparable (or greater) rates, while insurance coverage has become increasingly stingy. This makes it harder for people to afford health care and health insurance and causes some to forego those expenses. If people ...

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