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Old 09-02-2018, 02:11 AM
 
24,720 posts, read 26,785,278 times
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Quote:
Originally Posted by Eeko156 View Post
Approximately 18% of the GDP includes rising health care costs.
And the tragedy is these costs could easily and drastically reduced if we made some relatively modest lifestyle changes across America as outlined here:


https://www.youtube.com/watch?v=so_1etvOJiw&t=195s
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Old 09-04-2018, 06:55 AM
 
4,318 posts, read 5,268,236 times
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Quote:
Originally Posted by Eeko156 View Post
Approximately 18% of the GDP includes rising health care costs.
What are the primary reasons for this? Excuse my ignorance. Is it an aging population? Increasingly unhealthy populace? Rising salaries because of short supply of doctors? Or a bit of many factors? Is there inefficiency in the system itself that could be rectified?
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Old 09-08-2018, 05:43 PM
BMI
 
Location: Ontario
6,521 posts, read 3,788,911 times
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Quote:
Originally Posted by JonathanLB View Post
What are the primary reasons for this? Excuse my ignorance. Is it an aging population? Increasingly unhealthy populace? Rising salaries because of short supply of doctors? Or a bit of many factors? Is there inefficiency in the system itself that could be rectified?
All of the above...and more
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Old 09-10-2018, 02:58 PM
 
Location: Paranoid State
12,682 posts, read 9,425,981 times
Reputation: 14933
Quote:
Originally Posted by JonathanLB View Post
What are the primary reasons for this? Excuse my ignorance. Is it an aging population? Increasingly unhealthy populace? Rising salaries because of short supply of doctors? Or a bit of many factors? Is there inefficiency in the system itself that could be rectified?

There is not a lot of agreement on the root causes. Personally, I think it is a massive increase in bureaucratic bloat. When measured correctly, it shows up as a long term decline in productivity in the health industry. Far too many people work in health care who do not actually deliver health care. They are frequently administrative and work at desks in front of computer screens and do not actually deliver health care. Yet their compensation expense is non-trivial in aggregate.

Others see different reasons.
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Old 09-11-2018, 06:52 PM
 
Location: Myrtle Creek, Oregon
11,047 posts, read 11,455,634 times
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Quote:
Originally Posted by JonathanLB View Post
What are the primary reasons for this? Excuse my ignorance. Is it an aging population? Increasingly unhealthy populace? Rising salaries because of short supply of doctors? Or a bit of many factors? Is there inefficiency in the system itself that could be rectified?
And relentless profiteering. Health care is an inelastic market. Get it or you die. Providers take advantage, particularly in drugs like humalog insulin, that has increased in price by 2500% since its introduction, with no change in the drug.
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Old 09-11-2018, 06:54 PM
 
Location: Myrtle Creek, Oregon
11,047 posts, read 11,455,634 times
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Quote:
Originally Posted by mysticaltyger View Post
No one seems to care about the deficits we're racking up. With 4% growth, we should be running surpluses, not bigger deficits. It's not a good sign.
Massive deficit spending is a big economic stimulus. Things will be great, until they aren't.
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