Tuesday, February 26, 2008

Feds’ Health Spending to Double in a Decade

NOTHING and I mean NOTHING that the government has been a part of in funding HAS EVER facilitated in the lowering of its costs. NOTHING. If the idea that you liberals want to facilitate is one of price controls, and nationalizing all hospitals in the country then there are other countries out there for you.

But more to the point is the ever increasing cost of health care, which will NEVER EVER be lowered through increased government intervention.


The federal government will spend twice as much on health care in 2017 as it did in 2007, as costs keep going up and as Boomers enroll in Medicare. The toll: federal outlays for Medicare and Medicaid will hit $1.5 trillion, up from $750 billion last year, according to an estimate published today in Health Affairs.

The estimates don?t take into account the expanded role the feds would play under the Democratic presidential candidates health care proposals, which would cost about $100 billion a year, the WSJ notes. But once you?re at $1.5 trillion, the leap to $1.6 trillion doesn?t seem so vast.

The nation?s overall spending on health care ? including federal, state and private payers ? will continue its long tradition of growing faster than the overall economy, and health will account for nearly one fifth of the GDP by 2017, according to the estimate, by analysts from the federal Centers for Medicare and Medicaid Services.

Meanwhile, the higher-ups in Washington are fighting over how to slow the growth of Medicare spending. President Bush has proposed freezing reimbursement rates for health care providers such as hospitals, nursing homes and home health centers, the Associated Press points out. Bush also proposed making wealthier seniors pay more for Medicare drug coverage.

The Dems have suggested cutting payments to privately run Medicare plans, which cost the government more than traditional Medicare. That difference will become increasingly costly in the years to come ? the Health Affairs paper estimated that one in four Medicare beneficiaries will be enrolled in private plans by 2017, up from about one in six today.

Government intervention and funding will only INCREASE its costs. Unless of course you want a Nationalized system in which the Hospitals are all controlled by the federal government in which case you WILL SEE a large exodus of Medical Research companies with high paying jobs to other countries. They are already itching to leave this will only increase their incentive.

That supposed 100 Billion is also a very SMALL estimate on what the actual cost will be. Right now as it stands Canada spends over 100 Billion on only 30 million people. The US has 10 times that many people. To assume that the cost overruns and increases in health coverage under this Universal Health plan will be anything near 100 Billion is a fallacy. Try upwards of 1 Trillion or more.

Why we are trying to adopt failed Socialist medicinal practices in the US is beyond my comprehension I guess. Other then the fact that more and more people believe that the government should be their sole provider of everything.

People out there are concerned with Privacy rights on Trains but ignore the massive violation of privacy rights that will come as the Health Department will get more authority to look into your medical records to better facilitate "preventative" measures for you. Which is part of the Obama plan on Health Care. To have more "preventative" health care. Which only means that a government agency will start to recommend to you what YOU should be doing with your health. Not your doctor. Which I guess in this Universal Health care plan would be one in the same. As doctors will wind up being employees of the federal government eventually.

Should be a fun 4 years after November.

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