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>Is that reasonable when heath-care costs, at 20% of the economy, are increasing at 10+% a year? Yes. One, because cash flow one way doesn't justify cash flow
by kadendogthing 8y ago
>Is that reasonable when heath-care costs, at 20% of the economy, are increasing at 10+% a year?
Yes.
One, because cash flow one way doesn't justify cash flow another way. Regardless of other costs. So I'm not sure how one relates to the other. Purchasing power and real wages don't necessarily mean you have more money to spend freely. It's a way of looking at how average workers are getting their slice of the pie, so to speak.
Two, because the fundamental reason these costs are increasing are also because of the economic system that is hoarding wealth -- the product of productivity -- into one class tier. This class tier has almost no real input or contribution to productivity and technological advancements, yet are quite literally the only ones benefiting from it.
Continuing, there is absolutely no reason for healthcare costs to have increased as much as they have. Not at current spending levels. I wish people would understand this. There is no fundamental, principle reason why healthcare costs go up except greed and the system we have chosen to implement. Price increases happen because you have private companies that have continually increased prices -- and in some cases taken drugs that used to be free and now charge thousands, if not hundreds of thousands of dollars, for products and services. A lot of which are funded directly by federal grants, and none of which the public receives returns on. Our ineffectual government (when it comes to regulatory matters) has done nothing to curtail this.
https://www-tc.pbs.org/prod-media/newshour/photos/2012/10/02/US_health_spending_is_much_greater_for_all_categories_of_care_blog_main_horizontal.jpg https://www-tc.pbs.org/prod-media/newshour/photos/2012/10/02...
and
https://www-tc.pbs.org/prod-media/newshour/photos/2012/10/02/US_spends_much_more_on_health_than_what_might_be_expected_1_blog_main_horizontal.jpg https://www-tc.pbs.org/prod-media/newshour/photos/2012/10/02...
We have every ounce of data telling us "this system is wrong, it is not functioning by any metric" Yet a large portion of the populace doesn't care or continues to adhere to the mantra. It's not religious, it's an economic cult sprinkled with political astrology. Capitalism has its place. But it needs to be put back in its place, so to speak.
- merpnderp 8y agoLol, you can't use health care and capitalism in the same sentence. The most heavily regulated and government controlled industry happens to also be the poorest ran and most corrupt? So many carveouts for the politically connected? State mandated hospital sections to limit competition? The whole industry is a horror show of the dumbest most self defeating rules imaginable, and yet capitalism takes the blame?
- kadendogthing 8y ago>you can't use health care and capitalism in the same sentence. I most certainly can. Because the poorly defended ideas of capitalism have infected the healthcare system. It is principally the reason why healthcare in the U.S. is in such a sorry state, as I outlined earlier. You can't sit there and invoke a no true scotsman just to validate voodoo economics. We see other systems working just fine. You should ask yourself "what does it look like if I my ideas and perceptions are wrong."