Spartanmack
Senior Member
- Joined
- Jul 9, 2013
- Messages
- 17,538
So I'm looking up numbers, 2016 was what I found easiest.
Medicaid $565.5 billion.
Medicare $672.1 billion.
Private health insurance $1,123.4 billion.
Out of pocket $352.5 billion.
Prescription drugs $328.6 billion.
$3.04T in 2016.
$3.04T x 10 = $30.4T that we'll spend if everything stays the same (it won't). In fact, the study even says "over the next decade, the U.S. is projected to spend more than $33 trillion, plus inflation, on health care services without any changes to our current health care system."
If we're already spending $33 trillion on our current inefficient system, is it inconceivable to think with 18% of the country's GDP opening up that we can't find a way to make this happen in some form? It feels like a discussion worth having at the very least.
actual spending in 2016 was $3.3T w/ approx. $1.5T of that coming from the private sector. In order to believe this nonsense, you have to believe that Medicaid or even Medicare is better than private insurance. Or you have to believe that people giving up their private insurance are willing to give every dime they're currently spending over to the government so they can go to an inferior product (Medicare/Medicaid). You also have believe doctors will accept lower payments from all their patients because the government will be deciding what their services are worth. What you'll end up getting is a massive spike in demand and a large decrease in supply which will lead to rationing, bigger deficits, poorer outcomes, etc, etc
The idea that the free market is failing in healthcare is absurd. Healthcare is one of the most regulated industries in our economy. The discussion should be around less, not more regulation. Freeing consumers and providers of both healthcare and health insurance to make value based decisions about their care and coverage. It will require consumers to be better informed but that's another good outcome. You can have regulations around transparency, privacy, standards of care, etc.