From the Health Economy Now factsheet:
The US will spend over 2.5 trillion dollars on health care in 2009, totaling 17.6 percent of GDP. France, Canada , Germany, Japan and the UK are all at or below 11 percent.
U.S. manufacturers spend more per hour on health care than their competitors in Canada, Japan and the UK combined.
When the uninsured can’t pay for doctor and hospital visits and have no where else to turn, the cost is shifted to those who have insurance coverage.
As many as 1.5 million families lose their homes to foreclosure every year due to unaffordable medical costs.
Wasteful and inefficient spending in the U.S. health care system adds up to roughly $700 billion a year—costing nearly as much as the recent recovery package.
A study published in the Journal of Labor Economics found that a 20 percent increase in health care costs for U.S. employers results in 3.5 million jobs lost.
Healthy Economy Now represents a coalition of workers, businesses and organizations who understand that better health care is one key to revitalizing the American economy. Among the supporters of the organization are Blue Cross/Blue Shield, the American Medical Association, the SEIU, the Business Roundtable, American Cancer Society, the AARP and PhRMA.
Healthy Economy Now’s mission is to raise awareness about the crucial link between reforming the American health care system and revitalizing the American economy. At this time, the group wants to build momentum for quick action on health care reform in order to accelerate the nation’s economic recovery. The coalition draws support from all across the ideological spectrum including from the labor unions and business organizations.
Healthy Economy Now broadly supports making it possible for all Americans to have the quality, affordable health care of their choice. It is their belief that the first step is demanding action from Washington now. They view their job not as one to create policy but rather to build political will to achieve health care reform, so that Americans receive better health care and the American economy is no longer squeezed by skyrocketing costs. In support of this effort, they have released these two spots today. Each is a 30 second spot.