Renewable Revolution

Agelbert NOTE: This JonSellers witty sarcasm accurately communicates the American "Health" Insurance Situation.

JonSellers
I, for one, am happy to pay any amount demanded by our health insurance companies. The sacrifices these people go through in order to negotiate prices with doctors and hospitals is almost beyond comprehension. Not to mention the hours our great actuaries spend determining prices to charge. And don't get me started on the efforts of the humble bill checkers who have to scan so many doctor's bills for possible errors.

And think of the shareholders! Imagine the Galt-like heroes, every day risking their capital on us unscrupulous, sick know-nothings. Thank God that they have been rewarded for their wild risk-taking. Why I know one fellow who inherited a measly $200 million from his Dad and had the guts to invest $20 million in Aetna! He could of lost a few million dollars! What would he have done? Just go without the second yacht? Like an animal?

We have the greatest health-care system in the world. Canadians have to wait decades just to buy an aspirin. When we can get one same day for just $300 at the emergency room! Some of you Commie, liberal, Socialists may want to pay less, but for me, give me my liberty to work until I'm 67 so I can pay our insurance companies all that they're worth! I'm with Mish!

Mish is a Libertarian 👎 who, though able to add and subtract quite well, cannot bring himself to do the U.S. health care reality based math, which every other advanced industrialized country has done, proving that single payer is the best option for BOTH controlling costs and providing the highest quality health care.

Mish is a study in ideological blindness. He exposes the government corruption that produces artificially low inflation numbers and out of control health care costs, but totally fails to connect said calculated defrauding of the poor and middle class with those (i.e. Capitalist oligarchs running the Federal Reserve and Wall Street for the benefit of said greedballs) actually responsible for this U.S. Government corruption.

All that said, Mish is not totally out to ideological lunch. He does admit that soaring health care costs may very well give Bernie Sanders, a person Mish is totally at policy odds with, the 2020 Presidential election. The comments below explain why that is a real possibility, since Sanders is the only Presidential candidate pushing for unrestricted Medicare-4-ALL.    

Realist 👍
Yep. Health care, currently 18% of US GDP, heading toward 25%.

Compared to “single payer” systems in much of the developed world which cost 8-11% of GDP, and cover everyone.

I know I keep repeating myself whenever Mish brings this up, but the US will eventually arrive at a single payer system at some point in the distant future. But not before they try everything else possible first. And not until the costs begin to approach 25% of GDP.

Carl_R
I agree. I actually thought 20% would do it, but now it may be 25%. The US continues to believe that it can support medical advances for the world, but it can't, at least not for much longer. Eventually we will go to a single payer system, perhaps like the VA, perhaps like Medicaid, and we can just let medical advances stagnate. It has to happen, sooner or later.

Ted R 👍
I agree too because at some point the average person just can't afford health care anymore and they will begin to care more about health care and what it costs them than any other topic and that will force the politicians to do something about it.

Sechel 👍
System is broken. Drug companies get created to buy drugs with competition and raise the price 10,000%. Low deductions on insurance remove any incentive for consumer to price shop for the best price. U.S. should really be using the swiss health care model . And even though Swiss health care costs are above the Swiss inflation rate in 2019 they only went up 3%

lol 👍
Everything (literally) outpaces the massively manipulated (cooked) bs CPI calculations, and not by a little, by a whole lot, just using health care as a metric inflation would be up 25% YOY.....at least, that means healthcare (most everything) is in (stealth)hyperinflation.

LB412 👍
I manage benefits for a small business. Our healthcare cost has risen No LESS than 6% per year over the past 5 years. Our base plan, which is also the most popular, rose by a whopping 18% this year. Its total insanity.

WarpartySerf 👍👍👍
Absolute criminal racketeering ...... And try using your Medicare with any of the criminal doctors .... they'll laugh at you ..... Land of the free

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