Guest Post by Karl Denninger
In 1980, spending on health care in the United States totaled $255.8 billion. Of that total, we spent 39.3 percent on hospital care, 25.3 percent on physician/professional services, and 4.7 percent on prescription drugs. In just a little more than three decades, our total spending on health care exploded to $2.9 trillion. Between 1980 and 2013, the percentage of the total that we spent on hospital care dropped to 32.1, while spending on physician/professional services increased slightly, to 26.6 percent. Spending on prescription drugs, by contrast, almost doubled, to 9.3 percent.
I’ve pointed this out many times, but here it is for you once again folks.
We have multiplied medical spending since 1980 by more than 10x.
Simply returning that to where it was as a share of GDP would permanently resolve both the federal debt/deficit issue (we would run a surplus) and fix all the state budget issues too.
But only one candidate has backed up the truck on this point, and his name is Trump.
None of the others will take it on, despite us being gouged to the tune of at least 50% — and that’s against the socialized medicine nations. The truth is that socialism is never as efficient as actual capitalism, which is why every time someone comes after a socialist nation economically they lose and the capitalists win, even when the nation involved is the USSR.
In truth we’re being gouged by about 80%, and we both can and must stop it.
Those involved in this scam both as lobbyists and inside the government, along with private industry, must be imprisoned.
Be done with this and mean it, folks, or be both broke and dead.
Your choice.
No comments:
Post a Comment