U.S. Uninsured Health Care Cost Put at $125 Billion
Mon May 10, 2004 09:28 PM ET
By Joan Gralla
NEW YORK (Reuters) - The cost of providing health care for U.S. citizens who have no insurance will total $125 billion this year, with taxpayers and private entities footing most of the bill, a report issued on Monday said.
The report by a health care research foundation estimated that there are 44 million Americans without any health insurance, and soaring health care costs have become a presidential campaign issue.
On Monday, Democratic presidential candidate John Kerry accused President Bush of letting skyrocketing health care costs push families to the brink of financial ruin.
Bush signed legislation last year adding a prescription drug benefit to Medicare, but that measure is now embroiled in controversy, including much higher-than-projected costs.
The new report, sponsored by the Washington, D.C.-based Henry J. Kaiser Family Foundation, argued that the country can afford health care for all of the uninsured.