Level Extreme platform
Subscription
Corporate profile
Products & Services
Support
Legal
Français
Some quick health care math
Message
From
15/07/2009 18:12:58
 
 
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01412541
Message ID:
01412600
Views:
33
>In 2008 enrollment in Medicare was 44 million people.
>In 2008 Medicare was budgeted $325 billion.
>
>That's $7386 per participant.
>
>Extrapolated to include all 300 million Americans would mean that the 2008 budget requirement would need to be $2.2 trillion.
>
>Medicare doesn't come close to covering all health costs and this simple calculation doesn't include medicaid nor private supplemental plans which are concurrently used.
>
>Can someone please explain to me how gullible we citizens are supposed to be to believe that State-sponsored universal coverage will not bankrupt this nation? Mind you our entire 2008 budget was $2.66 trillion with a deficit of $240 billion.

I'll bite.

Extrapolating Medicare costs to the entire population is misleading because Medicare covers only the oldest (65+) group of Americans who, on average, are much higher consumers of health care. In fact, 27% of Medicare costs are consumed in the final year of life of Medicare patients.

Total health care expenditures in the US in 2007 was 2.1 trillion. (http://www.cms.hhs.gov/NationalHealthExpendData/Downloads/proj2007.pdf)

The 2 trillion cost for universal health care is not in addition to todays cost. It is a shift from 'premium' to 'tax'.

I agree, on our present course healthcare costs are going to bankrupt the country. I'm ready to try something else.
Previous
Next
Reply
Map
View

Click here to load this message in the networking platform