Entitlement
Explosion
DYI: The underlining cost of health care is
completely different from health insurance.
Health insurance premiums are only a reflection of the underling
cost. The medical industrial complex is
moving up on average at a blistering pace of 9% per year which is the true
reason for the premium explosion for health insurance. This industry regularly colludes with
competitors in order to price fix and has created monopolies in many local
areas. All of these business behaviors
are outlawed over 100 years ago by the Robinson-Patman, Clayton and the
granddaddy Sherman Anti-Trust acts.
President Trump only needs to do is enforce these laws which will drive
down the underling health care by 75%.
That is not a typo. However he
will need to go to Congress to repeal the law criminalizing the reimportation
of pharmaceutical drugs. This repeal
will drop drug prices by 50% for new drugs to 90% for many generics. So far I’ve seen zero effort. Fixing health insurance will do nothing to
reign in the marauding Medical Industrial Complex’s runaway costs.
At
the current rate of growth within five years the health care industry will
stifle the economy at 30% of GDP. I don’t
see how Trump will be reelected under those conditions.
DYI
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