Posted on 12/21/2015 8:25:03 AM PST by Oldpuppymax
We won’t bury the lede.
“National Health Spending In 2014: Faster Growth Driven By Coverage Expansion And Prescription Drug Spending.†That’s the title of an article from the January, 2016 print version of Health Affairs, published online December 2nd. Here are a few key findings…
1. US healthcare spending increased 5.3 percent to $3.0 trillion in 2014. That represents 17.5 percent of the gross domestic product.
2. The 2013 growth in spending figure was 2.9 percent. 2014’s higher growth in spending rate is due mostly to the major coverage expansions under the Affordable Care Act, particularly for Medicaid and private health insurance.
3. Retail expenditures on prescription drugs increased by 12.2 percent in 2014. Analysts pointed to the outrageously expensive Hep C drugs–Sovaldi and Harvoni from Gilead Sciences–as a factor. Prescription drugs account for around 10 percent of healthcare expenses.
If the $3.0 trillion didn’t blow your mind, consider that education, which involves a whole lot more people than healthcare, and can hardly be described as “efficient,†consumes only 7.3 percent of the GDP (OECD figures). You might recall that champions of the Affordable Care Act assured us that it would reduce the cost of healthcare. Their position now is a bit different: The cost increases would have been even higher without it.
“Millions of uninsured Americans gained healthcare coverage in 2014,†CMS acting Administrator Andy Slavitt said. “And still, the rate of growth...
(Excerpt) Read more at coachisright.com ...
Obamacare is achieving exactly what it set out to do in the first place:
Getting people off of private insurance and on to government run health coverage.
Obarry lied and healthcare died. That fraud sold this like a smooth talking charlatan but now you dont hear a peep from him or that stupid bird Pelousy after they gloated over its passage.
Leftist lies are par for the course.
Wife’s insurance canceled, again.
Was $288.50 a month with $6,000 deductible.
Best new policy avilable: $490 monthly with $6,850 deductible.
Thanks a lot.
This year my medical bills were over 12,000.00.
I have ‘great’ insurance through my workplace.
5 years ago that number would have been 1,900.
Thanx obama, you idiot.
Don’t know who I detest more, obama or the useful idiots who voted for him.
Obamacare Architect: Yeah, We Lied to The “Stupid” American People to Get It Passed ..(Gruber)
How the hades is this guy not slapped with a lawsuit?
The pretense of Obamacare reducing costs of health care were abandoned pretty quickly, once the legislation was passed, in the dark of night, so to speak.
There is no way the “Patient Protection and Affordable Care Act of 2010” could be amended or rewritten to ever come close to meeting that goal, and that was not the objective anyway. It was to punish the medical and pharmaceutical professions for their “supremist” attitudes and “profiteering” motives.
The medical and pharmaceutical professions are NOT going out of business, but the effect is to further ration access to medical benefits, and an ascending price spiral that is the exact opposite to cost containment.
I’d never even heard of anyone having a $6500 deductible until Obamacare.
Wrong.
It was supposed to destroy the existing system, doing its damage in such a way that what existed before could not be re-created.
And it's working perfectly.
SCOTUS-Care-— brought to us by chief inJustice John Robs US. I despise that corrupted butthole who reneged on his sworn duties to protect the Constitution and from liars who scheme against the American people with impunity.
F’n Colorado. First dope and now they are already pushing a single payer system.
Apparently there will be a ballot issue next fall deciding whether we should have a single payer system or not.
I am very worried that the voters will be too high on dope to make the right decision and we will be stuck with a State run single payer system.
Texas is looking pretty good right now.
Yes. In order to have affordable premiums, you get pretty much catastrophic coverage. It pays nothing for normal healthcare expenses.
Merry Christmas
Anger should be directed towards Obama voters. Obama was exposed as a hardcore Leftist long before the election. He said many times on the campaign trail he wanted to transform America. There was enough warning about what we were getting into.
How much did a catastrophic plan like this cost just a couple of years ago? Seems like the premiums were pretty cheap... because it was catastrophic. Now this is the new norm and is considered “good” coverage.
You would just have to use that $2,500 annual savings you were going to get, to offset the monthly increase. That my friend is dimmocrat logic.
Yep. Premiums are up considerably while deductibles go from $1000 or $1500 up to $6000 or $6500. Guess that’s the “affordable” part...
Ah, don’t forget the ‘small biz’ exemption given to Congress. How about the recent Congressional ‘deferral’ on ‘Cadillac plans’ (thanks, Roid Ryan and McTurtle Testicle).
Just some (more) examples of ‘do as I say, not as I do.’
Nation of Laws, not of Man. Equal under the Law....my ass.
What is the difference between 2009 and now?
How much money did the insiders make off of this while millions of people lost their healthcare and their jobs, cars, homes, saving etc?
A better word is “value.” Biggest bang for the buck.
The value is terrible.
Ditto. The highest deductible I had ever heard about was the $5k deductible. Now, even the best offering of my employer-sponsored medical insurance has is a $1k deductible (individual coverage) at $120/month in payroll deductions.
I truly cannot grasp how couples or families can afford medical insurance. Insurance that is affordable on the front-end is unaffordable when used on the back-end. Insurance that is unaffordable on the front-end is the only one that does not bankrupt on the back-end when used.
There is not enough evil that can be visited upon those responsible for this disaster designed by the Satan-worshipping DemocRAT party and RINO suckups that forced this upon the American people. Upon their deaths, may they all rot in Hell.
To the rest of America, may we all survive until a brighter morning dawns over the country.
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