THE WHITE HOUSE
Office of the Press Secretary
The Costs of Failing to Reform Health Care
I. Health Care Spending Per Working American Will Be Over $7,000 In 1994.
Working Americans will, on average, pay $1,864 directly for health care in 1994. Their employers will pay $3,409 for health insurance and other medical payments. Federal, State, and Local taxes for health care will total $2,149.
II. Without Health Care Reform, American Workers' Wages Will
Continue To Stagnate.
The rapid growth in health care costs relative to the rest of the economy may have depressed wages by up to $1,000 since 1975. If current trends continue without reform, real wages may be further reduced by over $600 by the end of the decade.
III. The Lack Of Security Affects Employment
Many individuals are afraid to leave their current job, for fear that they will be unable to obtain insurance on a future job. Some individuals do not work for small businesses or do not become self-employed because of the high cost of health insurance for these groups. Many individuals on welfare would like to work but cannot take a job without losing Medicaid benefits.