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Old 09-02-2018, 02:11 AM
 
28,269 posts, read 30,830,561 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
 
Location: Henderson, NV
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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
7,474 posts, read 5,334,561 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
13,046 posts, read 11,465,991 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?

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
14,836 posts, read 14,235,241 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
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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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