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Old 07-22-2009, 03:38 PM
24,780 posts, read 26,906,180 times
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I usually find the NYT too liberal, but I think this article did a good job of laying out the problems we have with health care, including the fact that the system is wasteful and inefficient.

challenge-to-health-bill-selling-reform: Personal Finance News from Yahoo! Finance (http://finance.yahoo.com/insurance/article/107380/challenge-to-health-bill-selling-reform?mod=insurance-health&sec=topStories&pos=2&asset=&ccode - broken link)=

I particularly like this quote, something I've been saying for years, but this is the first time I've read it in a newspaper article:

The United States now devotes one-sixth of its economy to medicine. Divvy that up, and health care will cost the typical household roughly $15,000 this year, including the often-invisible contributions by employers. That is almost twice as much as two decades ago (adjusting for inflation). It's about $6,500 more than in other rich countries, on average.
We may not be aware of this stealth $6,500 health care tax, but if you take a moment to think, it makes sense. Over the last 20 years, health costs have soared, and incomes have grown painfully slowly. The two trends are directly connected: employers had to spend more money on benefits, leaving less for raises.
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Old 07-22-2009, 04:47 PM
Location: Victoria TX
42,668 posts, read 71,767,816 times
Reputation: 35909
I posted essentially the same sentiment two days ago in another thread, but since you have specirically raised it here, I'll repost it here:

That is what it is going to come to. The medical cost of keeping every single person alive and pain free to the age of 100 is unrealistic, and we will not figure that out until our health care costs rise to 100% of our GDP, or 150% or 200%. It is pretty close to 20% already, and rising fast. The real health care debate is yet to come, when we debate which Americans will be entitled to what health care. It will cost the same, no matter who writes the check, and it is already a luxury we can't afford. Get used to it.
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