The health care lobby is spending big bucks to defeat public health care

The health care lobby is spending $1.4 million a day to defeat public health care. These corporations will see their profits decline and many will go out of business if the US gets a public health care plan like the other industrial nations. Many of the corporate employees will be rehired by the federal government to administer the new program. The big losers will be the health care corporate executives and share holders.

By several measures, health care spending continues to rise at a rapid rate and forcing businesses and families to cut back on operations and household expenses respectively.

In 2008, total national health expenditures were expected to rise 6.9 percent -- two times the rate of inflation. Total spending was $2.4 TRILLION in 2007, or $7900 per person1. Total health care spending represented 17 percent of the gross domestic product (GDP).

U.S. health care spending is expected to increase at similar levels for the next decade reaching $4.3 trillion in 2017, or 20 percent of GDP.¹

http://www.nchc.org/facts/cost.shtml

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