Health Care's Hidden Costs

Consumers of health care may be paying hidden costs of up to $1,355 a year as reported by a new industry report. A quote from CNN;

These "hidden" costs of health care -- like taking time off to care for elderly parents -- add up to $363 billion, according to a report from the Deloitte Center for Health Solutions, a research group.

That amounts to $1,355 per consumer, on top of the $8,000 the government says people spend on doctor fees and hospital care.

These costs arise from insurance related costs. It is expected that out-of-pocket payments will increase even with the health care reform. The main problem with healthcare is that the costs are too high and are rising too fast, resulting in people not being covered. The bill may bring about more problems than it solves.