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Article: State feels pain from health care
- Article from:
- Indianapolis Business Journal
- Article date:
- October 15, 2007
- Author:
CopyrightCopyright IBJ Corporation Oct 15, 2007. Provided by ProQuest LLC. (Hide copyright information)
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Is health care making Indiana's economy sick?
Spending on health care is rising faster in Indiana than it is across the country. Yet the state's job and income growth continue to lag national norms.
In 1991, the average Hoosier spent just 94 cents on health care for every dollar the average American spent. But in 2004, Hoosiers matched the rest of the nation dollar for dollar, according to Centers for Medicare & Medicaid Services data released last month.
Meanwhile, the average Hoosier earned just 91 cents for every dollar earned by the average American in 2004. And Indiana has yet to regain the number of jobs it had in 2000.
"If your cost escalation there is greater than earnings, it ...