Letter to the Register Guard, November 22. 2015
by Jo Alexander, Corvallis
Reginald L. Jensen’s letter (November 20) is snide, confusing, and misleading.
Where did he get his data? He claims that Bureau of Economic Analysis figures show total health care spending for 2013 at 11.4 percent of GDP in 2013. But a January 2015 BEA report states the figure as 17.4 percent—higher than the numbers from the WHO and OECD, which Jensen disputes.
And let’s not forget that the UK, France, and Germany cover the health care needs of ALL their citizens. Almost 12 percent of Americans still aren’t covered, and many of those with insurance, as reported by the New York Times, can’t afford to access care because their deductibles and other out-of-pocket costs are so high.
Meanwhile, the stock value of the top four health insurance companies rose 31 percent this year. No doubt Jensen, a financial planner, has enjoyed steering his clients toward these stocks.