Health Care Costs Rising Sharply (And It Will Get Worse)

Mish Talk ^ | 30 June 2016 | Mike “Mish” Shedlock

[Lorianne]

Inquiring minds are diving into Kaiser Family Foundation reports on health care. The charts and stats are not pretty, and they are sure to get worse.

[kabar]

We are an aging society.

[Blood of Tyrants]

Meanwhile real wages have stagnated or gone down since Obamacare became the law of the land.

[Trod Upon]

With a carefully managed physician and teaching hospital shortage.

[Redwood71]

And the price will go up when illegal aliens and uninsured people crowd the emergency rooms and get free care because they aren’t working and can’t afford healthcare even if it is available to them. And the backup funds to cover that will be rewarded by the social security and medicare funds draining those funds for the aging and soon to be eligible for them. Unemployment vs. rising healthcare costs. Ain’t rocket science.

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[CottonBall]

“...when illegal aliens and uninsured people crowd the emergency rooms and get free care ...”

Check out any emergency room in any border state or big city ;(

[johniegrad]

With the sharpest rise occurring in the last few years, it would be interesting to see what those curves looked like if the IT industry costs were removed.

Implementing government encouraged electronic medical records has added significant costs that drain dollars away from patient care.

[Redwood71]

The cost of treating illegal aliens amounts to nearly $11 billion a year, according to calculations done by the Federation for American Immigration Reform (FAIR), a non-profit group that opposes illegal immigration. According to FAIR’s Director of Special Projects Jack Martin, anchor baby costs taxpayers, alone, an estimated $10,000 each on average, Martin said. These costs are usually paid through Medicaid, the federal program designed to aid America’s poor. “In terms of locations, it basically flows with where the largest concentration of illegal immigrants are,” said Martin. “For example, California is the largest and just within the state – not including federal monies – I get that cost at $1.6 billion per year.”

And it’s only beginning. As countries that are failing financially keep coming, so will their people looking to the promised land. And thanks to the libs, that promise has been extended past our capacity..

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[CottonBall]

Yup, this country will fail eventually. We cannot continue on this course.

Thanks for the data - the numbers need to get out there!