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Wednesday, March 19th 2008

Employers Foot More Of The Health Care Bill Around The World

The cost of health care has been and continues to rise dramatically in the United States. But only in the magnitude is the United States alone in the world with such a problem. A New York Times blush points out that,

The United States has long been an unusual study in medical care, with employers assuming much of the cost. Now, though, as the employers say “enough,” calls are deepening for the government to take on more of that role through nationalized health care.

The opposite situation is unfolding in other parts of the world. As long-running national health systems become overburdened, more employers are paying for workers’ supplemental health care costs.

According to the Watson Wyatt survey cited by the NYT piece, India’s employers will spend 30% more this year on health care than they did in 2007. That’s a one year increase. Canadian employers will spend 12% more than last year. Even British employers will spend 8% more than last year.

Granted in some of these countries these are percentage gains on what are relatively small expenses already, but it is still interesting and further circumstantial evidence questioning the sustainability of government run health programs with single budgets.

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