My Spin: Paying for Poor Health
Almost 18 percent of this country’s gross domestic product, about one in every five dollars generated, goes towards medical goods and service. We spend 2 to 3 times what other countries spend.
By Tom Campbell
Maybe it was a sign of how poorly news outlets inform us or perhaps it was just because we get bombarded with so much noise, but a significant recent story failed to attract much attention. Blue Cross Blue Shield of North Carolina (BCBS), the state’s largest private health insurer reported it lost $497 million last year.
The 4.3 million BCBS customers in North Carolina, about one-third of the state’s population, know what this means: their health insurance premiums will increase.
