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The cost of insurance premiums and co-pays could double by 2016 according to a report released by the Florida Public Interest Research Group.

The Florida PIRG report claims wasteful spending by hospitals and insurance companies will lead to higher cost for patients. The report claims one out of three dollars spent on health care fuels profits for special interest groups. Florida PIRG Spokesman Brad Ashwell said the Florida Legislature should look at way reduce wasteful spending when it meets again in March.

“Our health care system is in crisis. We have to do something immediately. There’s no silver bullet and we ought to attack this problem with a number of different fronts. So this report looks at a number of different solutions,” said Ashwell.

A few solutions being proposed are raising the cigarette tax to cover state health care spending, and requiring private insurance companies to spend more money on patient care and less on negotiations with hospitals and special interest groups.