“We are taking that wasted money and artificially inflating the cost of health care to the point that nobody can afford it without government continuing the death spiral of spending, monopolizing, and price inflation.”
The following is an excerpt from an article from a recently published opinion piece on deficit spending in this country and why, if continued, it will have major political and societal implications with serious consequences. Health care spending is a driving factor according to the author. Or are politics the driving factor?
Not too many people can afford health insurance anymore. Even government sponsored health plans like the TRS ActiveCare plan for Texas school district employees is so expensive most can’t afford it. Under that program an insured selecting the TRS ActiveCAre Plan 1 (most popular plan) for family coverage could end up paying $27,088 in a year (premium cost minus state & minimum local contribution, plus plan benefit maximum out-of-pocket). Most Texas educators make less than $50,000 per year.
The bipartisan spending binge is now worse than under Bush and Obama
(Entire article through link at bottom of this blog posting).
By Daniel Horowitz
What is driving the most debt? The issue where Republicans now agree with Democrats: socialized medicine. House Minority Leader Kevin McCarthy, R-Calif., is now bashing the Freedom Caucus for opposing the key element of Obamacare responsible for driving up the cost of insurance, thereby generating the massive spending and the monopoly created by the health care industry.
Health care is the 800-pound gorilla in the room. Federal spending on health care (not including state expenditures) is projected to be $17 trillion over the next 10 years, dwarfing the cost of Social Security and the military. By 2047, health care spending will be about 25 percent greater than the insolvent and crushing cost of Social Security. As such, health care in itself is the largest driver of the other great crisis, as noted: the mushrooming cost of the interest on the debt itself. Health care spending alone will be greater than all the revenue from payroll taxes and corporate income taxes combined and almost as large as individual income tax revenue.
This is all going to the creation of a monopoly in a circuitous death spiral of price inflation and increased government spending. It’s no mystery why our national expenditures on health care have popped from $27 billion in 1960 to over $3.3 trillion today. Assuming health care would rise at the same rate as the rest of the economy, that number would be under $250 billion today. If we flushed $1.6 trillion down the toilet every year, we’d come out with a better result because we’d just waste money. Now, we are taking that wasted money and artificially inflating the cost of health care to the point that nobody can afford it without government continuing the death spiral of spending, monopolizing, and price inflation.
Yet Republicans have acquiesced to every degree of this baseline and are only debating how much more socialized medicine they will countenance while fake-fighting the rest. Then they will say we have to agree to the new socialized medicine in order to fight the next plan. Rinse and repeat.
SEE FULL ARTICLE HERE: www.conservativereview.com/news/bipartisan-spending-binge-now-worse-bush-obama/
