Medical Industrial Complex

Runaway Costs

Graft – Collusion – Waste – Monopolies

And

Massive Campaign Donations

(Insurance is NOT the Problem!)

DYI:  The Medical Industrial Complex is a juggernaut of explosive growth in costs ramping up insurance premiums relentlessly for almost 60 years at an average annualized rate before inflation (nominal) 9.2%!  This is NOT due to an ageing society as Medicaid a health government program for the poor all under the age of 65 is moving up at the same rate.  As my title explains this industry has been colluding in order to price fix and create monopolies along with out right graft.  Until this industry is brought under the Clayton Act and the Sherman Antitrust Act costs will continue to soar depressing economic growth as the populous pulls the heavier and heavier health care anchor.

At what point will an underground medical economy emerge?  At what level of GDP will this occur?  An interesting question and one that I can only guess (and most likely be wrong) will it be 25% maybe 35%?  Who knows but it will happen.  In between that time medical tourism will soar as Americans travel to foreign countries for major medical events as opposed to the real casualty of bankruptcy as deductibles rise exponentially.

What is amazing only a handful of bloggers are talking about the Medical Industrial Complex’s soaring costs yet everyone believes that if they replace Obama Care everything will be peachy.  Costs were ramping up non stop way and I mean way before Obama Care yet non one in the main stream press or the alt media (a hand full only) has reported the underling reasons for the huge ongoing price gouging.  This will blow the Federal budget and when interest rates normalize a crises will hit.  When? At current trends within 4 to 7 years!

DYI