The United States has $480 billion in excess spending each year in comparison to Western European nations that have universal health insurance coverage. (McKinsey Global Institute, January 2007)
Runaway healthcare costs are destroying American business and manufacturing:
"As a result of these crushing health care costs, American businesses are losing their ability to compete in the global marketplace. --HealthReform.gov, 10/8/09
"Health care at General Motors puts the company at a $5 billion disadvantage against Toyota, which spends $1,400 less on health care per vehicle, --former General Motors CEO Rick Wagoner, Reuters, 3/30/09
Starbucks Chairman Howard Schultz says Starbucks will spend more on health insurance for employees this year than on coffee. (USA Today, 9/14/05)
...and healthcare costs are crushing the American Dream:
About 1.5 million families lose their homes to foreclosure every year due to unaffordable medical costs. (The National Coalition on Health Care, 10/8/09)
"The cost of health care now causes a bankruptcy in America every 30 seconds. --President Barack Obama, 3/5/09
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