Kamala's housing plan

You are wrong. The rate of increase of medical costs have come down.

Health Care Inflation in the United States (1948-2024)

from 2000-2008 annual increase was over 4%. After 2010 it has average about 3% and in recent years less than 3% even with Covid.

Health care as a percent of GDP is basically the same in 2022 as 2009:

U.S. health expenditure as GDP share 1960-2022 | Statista

Notice this 2008 CBO document estimated that without changes healthcare as percent to gdp would be 25% by 2025, compared to the roughly 17% it has stayed at for more than a decade.

In 2009 before ACA federal spending on healthcare was projected to be 13% by 2035

Current Models of Health Care Cost Projections - Improving Health Care Cost Projections for the Medicare Population - NCBI Bookshelf.

The latest projection is such spending will be 8% of GDP by 2034.

CBO Publishes New Projections Related to Health Insurance for 2024 to 2034).


By all accounts that is a dramatic change of trend. Why does this story never get told?

 

Thank you for that, like I said I may be wrong.

Perhaps I thought that because everyone I know seems to be paying way more now when you include their much higher premiums and OOP expenses.
Certainly that may be true for my sample size and not for the whole.

I’d be curious to see if those numbers include people paying OOP because their favored providers aren’t on any of the major plans. Hopefully they have included all of those expenses.

But question based on your post.
It says the projected rate isn’t what they projected correct?
But the observed expenditures is about the same based on GDP in 2022 as 2009, so the expenses as a % of GDP has stayed the same, so in reality it’s not really come down, it just isn’t what it was predicted to be…


Thanks again.

 

I can't be a RINO, when I kicked the R to the curb a long time ago. I'm a conservative something many Republicans forgot about.

 

I never said he did. I said he had it in his budget plan.

He did.

 

I can assure you Trump's cuts would have eliminated funding for our organization. (We build more affordable housing than anyone in the world).

Go back and review the articles by Habitat's CEO. Our organization was in crisis mode.

It was likely a testament of our organization's size that stopped it.

 

What I am quoting are total health care expenditures. In terms of private health care premiums, I’m sure it’s all over the board. ACA caused some premiums to go up, a lot, because it eliminated pre existing conditions, eliminate total individual outlay caps, and mandated inclusion of stuff like maternity care and mental health care. For some large corporations (typically self insured) that had full insurance before hand, that probably meant their employee contributions increased modestly over inflation. For those individuals in small company’s or private health care, premiums went up a lot.

So for those people premiums went up but you got broader insurance. That helped some people and hurt others. It was a distribution of cost between individuals but not a total system increase.

You are correct. If expenditures are increasing at same rates as GDP, that means they are increasing at a rate of inflation plus real GDP growth, or inflation plus 2-3%.

Keep in mind that is happening as our population is getting older.

So no, costs aren’t going down. They are going up faster than inflation. But they are increasing at a much lesser rate than expected. That’s always what i thought bending the cost curve meant.