...amount spent on paperwork and yachts for insurance execs: $1958 per person.
In the run-up to President Barack Obama's address to Congress and the world tonight, the Department of Health and Human Services gives numbers on one of the biggest obstacles to recharging the American economy: the spiralling cost of health care. HHS figures we Americans will spend $8,160 per capita on health care this year. That's only a 4.5% jump from 2008... but it doesn't change the fact that we're spending more per person than every other developed country (sorry, old numbers—feel free to submit updates!). And a big chunk of that money ($700 billion, by one estimate) is wasted, doing nothing to make a single person live better or longer.
Want to boost the economy? Reform health care. President Obama's push for health information technology will help; so will switching to a single-payer, not-for-profit health coverage system. Mr. Obama, it's time to shake things up!
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