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Will the healthcare bubble burst? 19 key perspectives
Beckers Hospital Review ^ | September 11, 2017 | Laura Dydra

Posted on 09/11/2017 5:22:24 PM PDT by buckalfa

Healthcare spending has been a topic of national conversation over the past decade as it continues to increase despite efforts to reduce waste and overall costs. The Affordable Care Act sought to curb spending through pay-for-performance measures instead of fee-for-service, and while the current administration takes steps to dismantle the ACA the goal for revising the healthcare system is largely the same: increase quality while decreasing costs.

Americans spend around $3.5 trillion on healthcare annually, according to CMS, and continue to see premiums rise. How sustainable are current trends in healthcare spending? Will patients continue to have access to care at the same rates they do now? How much waste is left to squeeze out of the system?

Here, 18 healthcare industry leaders and economic policy experts share their perspective on the healthcare bubble, addressing the industry's unique characteristics and opportunity for disruption while also considering whether the bubble will burst. Respondents are listed in alphabetical order, and categorized by whether they responded in the positive or negative.

Note: Responses have been lightly edited for style and clarity.

Yes, it could burst any time

Ted Chan. Founder and CEO of (Cambridge, Mass.): "The healthcare bubble is unprecedented right now, exceeding 20 percent of GDP. As a society, we are about to witness major push back from both the consumers who are realizing that healthcare costs are eating into their paychecks, as well as the companies who are increasingly burdened by providing healthcare options.

Specific costs are closely tied to rising yearly medical fees, which have nearly tripled since 2000 for families, and increased healthcare companies' debt. As a result, we have recently seen major employers such as MD Anderson and Partners HealthCare pull way back on employee headcount due to stagnating revenue growth.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Culture/Society; Government
KEYWORDS: bubble; healthcare
The article is excerpted due to length. It is a round table discussion about a perceived health care bubble. It presents different points of view within the health care industry.
1 posted on 09/11/2017 5:22:24 PM PDT by buckalfa
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To: buckalfa

As with all bubbles, its easy Federal Reserve money and government spending and regulations of all kinds supporting and growing the bubble.

2 posted on 09/11/2017 5:35:14 PM PDT by PGR88
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To: buckalfa

Very interesting and informative.
From a point of view most of us don’t have.

I still see “expert programs” as the immediate means of reducing costs. Tort reform has to happen too, of course.

3 posted on 09/11/2017 5:54:33 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: buckalfa

My wife and I are in pretty good health for being in our late

Our two local hospitals are figuring out different ways to take our money.

Our fair city if you call 911 sends an ambulance, a fire truck and a cop car. The total costs could be several thousand dollars.

We know longer know the specialists and the politics with the health care costs at the hospital level is totally against the patients.

So, we are going to Kaiser, the first of October. It is rated #1 for medicare patients in California.

The Obamacare fraud care will burst at the seams across America next year.

4 posted on 09/11/2017 6:05:43 PM PDT by Grampa Dave (Did voting for Trump for President, make 62+ million of us into Deplorable Racists/Nazis? NO! NADA!)
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To: buckalfa

blah blah blah

Pet care is cheap and unregulated.

People care is expensive and a Government mess.

5 posted on 09/11/2017 6:22:34 PM PDT by TheNext (Obamacare is KILLING GRANDMA!)
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To: TheNext
People care can be cheap - if you pay cash on the nail.

That happened to me just before I came to Singapore. My job offer was conditional on a very thorough medical checkup - the forms I was sent were pretty frightening. So I called the insurance company, and was given a runaround.

But a friendly nurse at the local blood donor center referred me to a GP, so I went to him with the pack of forms. He frowned, and asked whether my insurance would cover all this. I told him I was coming as a private patient, and suddenly he was all smiles.

He did the basic stuff - blood pressure, pulse, taking blood sample and urine sample - while his receptionist booked the visits to the specialists. That was three visits to two hospitals - one for an EKG, one for an upper body X-ray, and one at the second hospital for an "abdominal sonogram", which I had never heard of, but which uses sound to scan liver, kidneys, pancreas &c.

That all took 2.5 days, and on the third afternoon the GP gave me the forms, all filled in, and the total bill.

Take a deep breath. The total was less than $600. Yes, if you pay privately you are treated like a prince and billed like a pauper.

I have made this observation before, but will say it again: every government subsidy enacted for consumers is captured by producers. The costs don't go down, but the profits go up. It is a game the average citizen cannot win.

6 posted on 09/11/2017 6:43:28 PM PDT by John Locke
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To: Grampa Dave
The Obamacare fraud care will burst at the seams across America next year

Obamacare is a $1 Trillion dollar tax hike per year on the American worker and taxpayer.

Isn't Obamacare special??? Not!!!!!

The Republican House and Republican Senate failed to repeal this awful mess and they still do not have the answers.

Maybe some of the Rats that are in big trouble will vote to repeal this monstrosity of a tax bill.

BTW, let us not forget that this monstrosity of a tax bill did not get one single Republican vote in the House and the Senate.

All the Rat congressmen and congresswomen who voted for this $1 Trillion dollar monstrosity and were in tough districts are not in Congress anymore since they all got voted out.

Whenever the S.C. justice name Roberts comes up he just sends me into a P.O.ed frenzy!!!

7 posted on 09/11/2017 7:10:52 PM PDT by TheConservativeTejano
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To: TheConservativeTejano

Might I suggest a veto by the prez if there is no repeal? O wait, the Pelosi shumer deal is done...
I just had surgery because the choice was surgery or be unable to work. Now I am going to have serious problems because I am sure I will be making payments for life.. and I have insurance.
I went as long as I could in a condition no working human should have to suffer. It was just deteriorating every hour I stood on my feet.
if I had subsidies or congressional care, I wouldn’t suffer and I could purchase a car instead of making payments.
My car is 16 years old, but it’s going to have to run.

8 posted on 09/12/2017 12:06:40 AM PDT by momincombatboots (White Stetsons up.. let's save our country!)
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To: momincombatboots

Partner, I agree 100% that it should be fully repealed and start over again. We pray and hope that your health will be fully restored.

9 posted on 09/12/2017 8:18:39 AM PDT by TheConservativeTejano
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