Are We Mismeasuring Health Care Costs?
This is John Lott, writing for FOX News.com:
This double counting adds up — about $363 billion. Rather than about 1/6th of GDP, or about 16 percent, going to health care expenditures, the right number is closer to an 1/8th, about 13 percent of GDP. Suddenly the gap with other countries doesn’t seem as large. Take France, which spends about 11 percent of its GDP on health care.
Very interesting.
Very, very interesting.
I’ve often wondered how it is possible to accurately measure health care expenditures when the providers are numerous and diverse. Many providers have dozens (if not hundreds) of different prices. This means they also have dozens (or hundreds) of contractual adjustments to revenue.
The left are huge hypocrtics when it comes to their fake demonization of private insurance. In fact, they want to give them millions of new customers thru their Individual Mandate and a national Monoploy markert thru there so-called “exchange”!
Contrary to popular opinion in the media, the Individual Mandate, not the so-called public option is the key to stopping Obamcare in its tracks. Stop the Individual Mandate and the whole bill will unravel for lack of funding and mandatory participation in the scheme!
This is a very dangerous period because Nationalization will still occur even without an overt government run insurance plan like this “public option” provision everyone keeps fixating on – Wyden/Bennett and the Bacus bill are prime examples of this.
Individual Mandates to buy private insurance sound like a “free market” solution and “individual responsibility” but in this context they are not – they are simply a front for a government run system. Many conservatives can be easily fooled by this faux “private” front (Mitt Romney was) .
Here are the core elements what will be contained in the “health care reform compromise” after the so-called “public option” is in all likelihood dropped:
(a) Federal Regulation aka HEALTH CZAR/DEATH PANELS
(b) Employer/Individual Mandates aka NATIONAL HEALTH INSURANCE
(c) Government Subsidies aka MIDDLE CLASS MEDICAL WELFARE
With the Federal Government setting the rules, forcing everyone to participate, and is paying the bills for most of the middle class through subsidies how is this anything other than Nationalization?
Obamacare or any other plan that constains Individual Mandates is a corrupt bargain that benefits DC Politicians, Big Union, Big Industry, and Big/Nanny Government. The losers that get stuck with the bill and socialist medicine are the young, the elderly, the taxpayer and small business.
Its amazaing how stupid the left really is – they dont even know when they are being scammed lol!