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Reply to "Why A Single Payer Health Care System Is a Really Bad Idea"

Deducting for the $1.2 Trillion that the goobermint already pays out for Medicaid and Medicare (As of 2015.) the federal goobermint is going to to have to come up with another $2.0 trillion per year from its productive citizens. I assume that there will be cost controls slapped on the health care industry but from past experience, we can expect regulatory costs to spike as well. If the same Medicare and Medicaid losses occur to the private health care providers in the single payer plan; who subsidizes them if the private market disappears?

  NHE Fact Sheet

Historical NHE, 2015:

  • NHE grew 5.8% to $3.2 trillion in 2015, or $9,990 per person, and accounted for 17.8% of Gross Domestic Product (GDP).
  • Medicare spending grew 4.5% to $646.2 billion in 2015, or 20 percent of total NHE.
  • Medicaid spending grew 9.7% to $545.1 billion in 2015, or 17 percent of total NHE.
  • Private health insurance spending grew 7.2% to $1,072.1 billion in 2015, or 33 percent of total NHE.
  • Out of pocket spending grew 2.6% to $338.1 billion in 2015, or 11 percent of total NHE.
  • Hospital expenditures grew 5.6% to $1,036.1 billion in 2015, faster than the 4.6% growth in 2014.
  • Physician and clinical services expenditures grew 6.3% to $634.9 billion in 2015, a faster growth than the 4.8% in 2014.
  • Prescription drug spending increased 9.0% to $324.6 billion in 2015, slower than the 12.4% growth in 2014.
  • The largest shares of total health spending were sponsored by the federal government (28.7 percent) and the households (27.7 percent).   The private business share of health spending accounted for 19.9 percent of total health care spending, state and local governments accounted for 17.1 percent, and other private revenues accounted for 6.7 percent. https://www.cms.gov/research-s.../nhe-fact-sheet.html  
Last edited by Stanky

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