When people are worried about their jobs, they are nervous about the security of their health coverage.
Exit polls in Pennsylvania showed that voters concerned about the economy and health care broke decidedly for Barack Obama.
In the days following the election, however, there was speculation
that campaign promises about health care would have to make their way
to the back burner in favor of the more pressing needs of the economy.
Many doubt that bold domestic initiatives are feasible in a time of
financial uncertainty.
But what if we knew that the cost of failing to fix our broken
health-care system would be greater than the price of comprehensive
reform? While there is no question that the next administration needs
to take immediate action to stabilize our financial and housing
markets, there is a compelling economic case for keeping health-care
reform at the top of the agenda.
In the face of historic job losses and the worst financial crisis
in 80 years, why did health care remain a salient issue in the final
weeks of a tough campaign? The answer is simple: When people are
worried about their jobs, they are nervous about the security of their
health coverage. And when people are trying to figure out how they are
going to pay their bills, they are concerned about being able to afford
medical care.
Health-care costs are growing faster than wages, making health
insurance more and more unaffordable for more and more U.S. families
every day. Recently released research by the New America Foundation
indicates that half of the families in Pennsylvania will have to spend
more than 50 percent of their household income on health insurance by
2016 if something isn't done.
Our economy cannot recover if Americans need to spend a large and
increasing share of their income on health insurance. Likewise, we know
that the uninsured get sick unnecessarily, stay sick longer, and are
less productive in the workplace.
Meanwhile, rising health-care costs are undermining the ability of
U.S. businesses to compete globally, putting good U.S. jobs at risk.
This is old news for a Pennsylvania economy that has shed more than
207,000 manufacturing jobs since 2001. More than 26,000 Pennsylvanians
joined the unemployment ranks in August alone.
U.S. manufacturers pay an average of $2.38 per worker per hour for
health benefits. Their foreign trading partners pay 96 cents. This
means U.S. manufacturing companies give up almost $1.50 per worker per
hour to their competitors because of health-care costs. Add it up
nationwide, and the country spent $40 billion more on employee health
care in 2005 than did its major trading partners.
There is a compelling moral case for health-care reform. But making
sure every American has quality health coverage is also an economic
imperative. Pennsylvania's economy lost nearly $5 billion because of
the poor health and shorter life spans of the uninsured in 2007. This
is more than $4,200 per uninsured resident - close to the cost of
buying that resident an individual insurance policy, according to our
research.
In the early 1990s, many Americans fought to protect the status quo
of our health-care system. But health insurance and health care look
different today. Hardworking Americans are paying more for less,
employers are asking workers to bear a greater share of the health-care
burden, and millions more have joined the ranks of the uninsured.
The economic and social costs of failing to reform our health
system are high, and they will only rise over time. We must reform our
nation's health-care system - not despite our economic crisis, but
precisely because of the impact it has on U.S. workers and businesses.
During his campaign, President-elect Barack Obama asked
record-breaking crowds at his rallies two questions: "Are you fired up?
Are you ready to go?" When it comes to our health-care crisis, voters
have answered: We are and we must.
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