5 ms·
Because of demographics this is a problem we will have to confront regardless - do you think medicare/medicaid spending will become 80% of government spending?
by questime 4y ago
Because of demographics this is a problem we will have to confront regardless - do you think medicare/medicaid spending will become 80% of government spending?
- virgildotcodes 4y agoMaybe with higher taxes and a reallocation of defense spending we’d be able to sustain a more humane society for longer. Is it indefinitely sustainable? Not sure. I don’t know if it’s as easy as just extrapolating from recent trends because there may be countless unknowns from biomedical advances to climate destabilized societies to being turned into biological batteries for our machine overlords in the next few centuries.
- ch4s3 4y agoHaving medicare operate under a fee for service model will never be sustainable in the long run. We already spend $ 755 B on Medicare, which is roughly equivalent to the DoD's $ 767 B, and Medicare is notoriously wasteful[1][2]. [1] https://www.healthaffairs.org/do/10.1377/hpb20220506.432025/ https://www.healthaffairs.org/do/10.1377/hpb20220506.432025/ [2] https://vbidcenter.org/wp-content/uploads/2021/10/jama_shrank_2019_sc_190005.pdf https://vbidcenter.org/wp-content/uploads/2021/10/jama_shran...
- skyyler 4y agohttps://www.usaspending.gov/agency/department-of-defense#:~:text=Each%20year%20federal%20agencies%20receive,making%20financial%20promises%20called%20obligations%20 https://www.usaspending.gov/agency/department-of-defense#:~:.... >In FY 2022, the Department of Defense (DOD) had $1.64 Trillion distributed among its 6 sub-components. Where are you getting this 767B number?
- ch4s3 4y agoThe treasury department’s website[1]. I wonder if your link is rolling in the VA? I can’t quite tell. [1] https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/ https://fiscaldata.treasury.gov/americas-finance-guide/feder...