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Celerity

(54,010 posts)
21. under the current system, total healthcare expenditures for the 10 years starting next year will be
Tue Dec 3, 2019, 11:29 AM
Dec 2019

52.5 (per one of the main architects of the ACA on MSNBC a month ago or so) to 57 trillion USD at current rates of increase (that counts all monies, public and private, spent, including pharma), over the the next 20 years, at current rates, well over 125 to 130 trillion (or more) USD. That also assumes that the current system remains intact, which it likely will not, if the SCOTUS invalidates the ACA next year. If it is struct down, the rates of increase will more than likely be even higher.

That is unsustainable, but even at SMALL margins of profits, that is trillions of profits at stake. The systemic controllers will do ANYTHING to not give that multi-trillion dollar skim up. It is going to take a systemic crash to get it sorted.


I had some gaslighter awhile back try and tell me that there were no major profits being made in the US healthcare system.



The US healthcare system is one giant wealth extraction scheme. At current rates of increase we are going to be spending close to 6 trillion USD per year by 2027, 2028. That is madness.

In the past 10 years, we have spent around 33 trillion dollars. ONE health insurance firm alone (UnitedHealth Group) has made over 66 billion dollars in net profits over that time span, 12 billion USD in 2018 alone, 22.5 billion in the last 2 years, and are on track to make 150-160 (or more as scales of economy will act as multipliers) billion USD combined net PROFIT between 2019 and 2028. That is RAPACIOUS, and it is mostly skimmed off via the middleman role of for-profit INSURANCE and other profit centres as they continue to horizontally and vertically expand.


Look at the massive difference between what the US spends per capita versus the rest of the nations, and the gap is only going to get larger. This chart is already out of date BTW, we are already above the 2017 rates per capita.



Again, the only way this system gets fixed, given the current political/structural landscape is IMHO more than likely via partial systemic collapse, as there is simply no way this rate of cost/profit increase can continue decade after decade. The ACA cost increases where back-loaded to kick in starting around 2017 or so and forward. That year is when, for example, United Health's profits exploded. Citizens United and other endemic factors have opened the spigot to the raw buying and regulatory capture of our entire political/governmental superstructure by Big Healthcare, Big Pharma, and Big Insurance. That is only being exacerbated under the odious Trump administration's deregulatory schemes, which if they get their big 'win' at SCOTUS level and the entire ACA is trashed, will expedite this entire situation even more timeframe-wise towards a catastrophic outcome.
If I were to vote in a presidential
primary today, I would vote for:
Joe Biden

Recommendations

0 members have recommended this reply (displayed in chronological order):

They are so lazy- letting their names be used by the enemy RainCaster Dec 2019 #1
Disgusting. BeckyDem Dec 2019 #2
Says a lot about $$$ and their it-can't-be-done quislings. n/t MarcA Dec 2019 #3
I'm shocked - SHOCKED - that Dems would peddle industry talking points against MFA. LonePirate Dec 2019 #4
Now THAT there is evil. Montana and Ohio, seriously? ancianita Dec 2019 #5
And I'm sure lobbyists helped to write the M4A bill. TidalWave46 Dec 2019 #6
Let us now shed a tear for the humble, misunderstood for-profit health care lobbyist BeyondGeography Dec 2019 #7
I can't shed a tear but I do feel an urge to...use the restroom. Autumn Dec 2019 #8
And the funny part is BeyondGeography Dec 2019 #9
Oh yes, and this is why I have said that even the Pubic Option has little to no chance of passing, Celerity Dec 2019 #16
There you have it BeyondGeography Dec 2019 #18
under the current system, total healthcare expenditures for the 10 years starting next year will be Celerity Dec 2019 #21
I wouldn't cry. TidalWave46 Dec 2019 #11
least understood and least important, huh? aidbo Dec 2019 #10
Thank you. TidalWave46 Dec 2019 #12
More on this from WaPo: Why the health-care industry wants to destroy any Democratic reform BeyondGeography Dec 2019 #13
Yep - they'll fight anything that threatens profits. redqueen Dec 2019 #14
+100000 Celerity Dec 2019 #17
I am trully disappointed that two democrats allowed themselves to be sucked in to that. Blue_true Dec 2019 #15
It's difficult for Democrats in our modern Corporate State. They need to convince the people they jalan48 Dec 2019 #19
Spot on BeyondGeography Dec 2019 #20
one of the biggest systemic issues is Celerity Dec 2019 #22
When the screw job gets so bad, crazy good things can happen though BeyondGeography Dec 2019 #23
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