Posted on 04/05/2017 4:46:26 PM PDT by Wolfie
So I'm 'Negative Nancy' Eh?
Stop the inane folks.
Seriously, stop it.
(Snip)
Health Care including VA (which I exclude in my current postings) was $850 billion in 2012.
Last fiscal was $1,417 billion or nearly a double in five years. That's the same acceleration in spending that has been going on since the 1980s.
This cannot continue. It must stop now. I have been writing on this incessantly since 2007 here in The Market Ticker, been raising hell about this since I was an Internet CEO in the 1990s and been doing presentations on it to so-called Conservative groups through most of this time, including this one in Orlando in 2012.
Sticking your fingers in your ears and going la-la-la-la-la-la-Trump-La-la-Trump-la-PlannedParenthood-la-la is going to get you and your children killed if you have any sort of medical issue whatsoever in the next five to ten years.
Social Security has exactly zero to do with the impending insolvency of the Federal Government, as I've repeatedly pointed out and the CBO has now underlined. It is this exponential explosion in debt that was clearly going to happen in the 1990s, that I was talking about in the above presentation and now it's staring us in the face as we are entering the portion of the curve where it goes straight up.
This is all Health Care as I have been saying for decades and presenting to anyone who cares to listen in multiple public speeches, including this one. The trend has been maintained despite Obamacare's passage, despite lots of bleating by the Congress, despite the so-called "Make America Great Again" and more.
America will not only fail to become "great again" it will collapse on a fiscal basis and so will the economy if this is not stopped now.
We have less than five years. Not to talk about it, not to start it but to completely and permanently put a stop to and return it to historical norms...which is about 1/5th of today's spending levels.
The health care situation will look vastly different in five years. It will be four point five years beyond the new changes that are coming.
Trump will not let health care fester, even if it isn’t fixed totally at first.
Better days are ahead > IMO.
The author is spot on in my feeble opinion. Most of the current debate is about insurance, the “who pays” side of the equation. What is largely being ignored is the cost of delivering healthcare.
Karl is absolutely right
The way I see it, we've got a demographic disaster looming as the massive population of Baby Boomers enters their 70s and their health care associated largely with old age costs go through the roof. I don't see any political solution.
Better days are ahead > IMO.”
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Ryan Care, apparently purposefully, did not include significant medical care cost savings. Health care costs CURRENTLY are doing far worse than “fester”; health care costs are exploding and “rotting”.
Hopefully the Freedom Caucus will have some success in modifying Ryan Care so that it incorporates changes that will bring down medical care costs. Quite Frankly, Trump seemed to think that the original Ryan Care was just hunky-dory, just as it was.
Better days from a health care cost perspective may not be ahead.
I would venture 80% of what the nation spends on healthcare is not even health related.
obamacare’s effect on healthcare costs absolutely sucks. My BIL had surgery several years ago, total out of pocket for him: $150. Thanks to hammy care’s effect on his employers insurance, a similar surgery he just had cost his family a little over 4,000 out of pocket.
Just like College. No one questions their 8% increase per year.
Watch the cost of drugs and only give stabilization care to working age people who don’t buy insurance.
5 years?
This guy is Polly-Anna optimistic.
I work at a not for profit hospital. Let me tell you...the money isn’t coming to us. Our receipts are down millions halfway through the fiscal year.
look at all the old old people....it takes tons of money to take care of them....I'm 63 so I can say this...
we can admit them to the hospital for everything and anything and yes, we'll keep them alive, but not really living.....
when you see these adds for baby boomers getting checked for Hep C I just want to scream...
we can not afford to pay for millions to get the quick fix at $70,000 a pop...
we're going to have to prioritize everything...
babies and children first...
The biggest inputs into the “cost of delivering healthcare” are the federal requirements and the federal agencies that make those requirements. All those bureaucrats have to be paid at higher than average, indeed, higher than their level in the private world, salaries. Much of that cost is not even considered when we talk about the cost of American medicine because the government pays those people but their jobs depend on the medical industry, the industry they are debauching. This could all be fixed with a Congressional act that simply removes the Federal Government from all facets of medicine and insurance. There is still room for pro-active government input on the patent front and that would be severe economic sanctions against any government that allows drugs on patent to be cloned and sold. That would reduce the prices of new drugs as the USA would no longer be the sole source for getting the R&D paid for.
And most or all of that 80% is government related.
That’s scary.
Here in NJ the government basically accelerated the shuttering of hospitals by first requiring them to treat anyone in their ERs (regardless of their means to pay) and then gradually reducing the reimbursement for those who didn’t/couldn’t pay.
As I understand it, CA has the same problem. Taxpayers are providing “free” healthcare to illegals...
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