Government

Health Care Subsidies

Will this be the Death of our Economy?  

Straight from the Den of Thieves: 

Federal Subsidies. In 2023, federal subsidies for health insurance minus certain related payments made to the federal government are estimated to be $1.8 trillion, or 7.0 percent of gross domestic product (GDP). In CBO and JCT’s projections, those net subsidies grow substantially, reaching $3.3 trillion, or 8.3 percent of GDP, in 2033. Over the 2024–2033 period, the 10 years spanned by CBO’s current baseline projections, those subsidies total $25.0 trillion, distributed as follows:

• Medicare—$11.7 trillion (47 percent),
• Medicaid and the Children’s Health Insurance Program—$6.3 trillion (25 percent),
• Employment-based coverage—$5.3 trillion (21 percent),
• Coverage obtained through the marketplaces established by the Affordable Care Act or through the Basic Health Program—$1.1 trillion (4 percent), and
• Other federal subsidies—$0.6 trillion (2 percent).

link to cbo.gov

The sickness industrial complex costs more than Social Security.

These cost have been projected way before Boomer's began to retire as this single group is so huge it is like a snake that has swallowed an ostrich egg.  There is also no doubt that medicine in general has spiraled totally out of control and is in my opinion (and many others as well) into organized crime.  The COVID crime is the capstone event that has simply open the eyes of the public; not just to the costs but also to medications and procedures that are of dubious value if not outright fraud (snake oil salesmen!).

Boomer costs along with massive criminal involvement sky rocking costs dragging an anchor on the seabed floor slowing what anemic growth our economy can produce.

Till Next Time