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Tuesday, May 05, 2009

Health Care: The Next Bubble to Burst

Gerson Lehrman Group Excerpt:
We have the world's most expensive healthcare system costing $2.4 trillion per Year 4.3 times more than we spend on national defense, 20% of GDP. It is also one of the world's worst systems ranked 37th by the World Health Organization. Costs are escalating at 7%, at least twice the rate of inflation. Our Healthcare System is the most inefficient and wasteful among leading industrial countries.

Health Care Colorado Excerpt:
Dr. Wes writes about how our health care system is facing a bubble similar to the one the housing market experienced a few years ago: health care expenses are rising far faster than inflation, and increasing numbers of people are finding themselves unable to pay for health care - which is just as basic a necessity as housing.

True Cost blog Excerpt:
It’s unlikely that the US can devote 1/3rd of all productive capacity to healthcare without crippling other sectors of the economy and reducing overall economic growth. The healthcare bubble thus dwarfs all previous bubbles in size, since the technology, real estate, and energy sectors are all so much smaller.

DrRich Presents Excerpt:
So when this bubble bursts, just as Mr. Baron hints, things will get very nasty very quickly, and the results will make our current economic crisis seem quite trivial. That any bursting of the healthcare bubble will threaten - and likely wreck - the underlying integrity of our social structure should not come as a surprise, considering that even our current, minor crisis is causing us to fundamentally revisit the foundational principles of the American compact.


Read an additional perspective on current political activity regarding health care reform at Democurmudgeon

Here's a nifty Webpage where you can find prescription drugs available at discounted generic programs and prices in your area. Search by zip code. Thanks to Uninsured Granny for the "tip."

3 comments:

Uninsured granny said...

Prescription costs have become increasingly difficult to manage. You can start saving by switching to generic drugs. Medtipster.com allows you to type in your drug name, dosage and zip code to search for and locate prescription drugs that are available on discount generic programs across the United States; many of which are available for as little as $4. Prescriptions that are not available on a discounted program often have therapeutic alternatives on a discounted generic program, which are also available on Medtipster’s website.

Democurmudgeon said...

As of this story about Sen. Chuck Schumer, we can blame the Democrats for any future failures of preventing the health care bubble from bursting.

http://democurmudgeon.blogspot.com/2009/05/democrats-decide-universal-public.html

Lou Kaye said...

Demo, I almost got lost in the double negative in your position on this, but your link is telling enough of the complicity democrats share in keeping the old ways of influence and money as the driving force to so-called "health care reform."

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