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Saturday, May 21, 2011

Here Is A Math Problem For You

Speaking of health care costs, CNN/ says that the average health care cost for a family of four insured through an employer was $19,393 in 2010, an increase of 7.3% over 2009. Nothing much else in the U.S. grew 7.3% from 2009 to 2010, and health care costs continue to race toward 30% of the entire GDP.

Now here is the math problem. According to CNN, an average American in a very good position (company paid health insurance) cost his/her healthcare supplier about $5,000 a year.

Paul Ryan wants to give you a $2,000 voucher to buy health care insurance. Now tell me what kind of insurance company will sell you a policy for $2,000 that they know will cost them $5,000 in paid out benefits.

Great math problem, right? Too bad Paul Ryan didn't bother to do the math also. Or maybe he isn't smart enough for this math problem. Or, more likely, he just doesn't care since he is completely covered by Congressional healthcare policies.

But you should care, and care a whole lot!!

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