Health care costs

[dueda]

Speaking of health care:

Health inflation

According to the U.S. Bureau of Labor Statistics, prices for medical care were 87.99% higher in 2019 versus 2000 (a $879.91 difference in value).

Between 2000 and 2019: Medical care experienced an average inflation rate of 3.38% per year. This rate of change indicates significant inflation. In other words, medical care costing $1,000 in the year 2000 would cost $1,879.91 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.04% during this same period, inflation for medical care was higher.

from wikipedia:

[waregim]

Its actually much, much worse.

All statistics published by our gummint are faked to under-report inflation to keep yearly social security increases minimal, and to keep the markets up by outright lying about unemployment. This point is even made clearly obvious in Econ 101 textbooks.

The 3.3% YOY is faked to make it look closer to the 2% for the *overall* average the FED wants, and other numbers will be manipulated to come close to that number.

In two years the price aof apples at Walmart *doubled* and so did many other staples, such as bread. Bagles went fron 58c to 98c in one week.

A good gauge for economic health is the Baltic Dry Index.
Its going to take a major hit in the near future as the requirment for low sulfur bunker fuel kicks in. All shipped goods prices will go up.

[dueda]

The end is night!

[LZA]

I wonder how much is that actually due to the service, and how much goes to recoup the ever-rising increase for insurance for doctors in case they get sued.

The 300-pound woman who ate 5 Big Macs who complains the doctor insulted her by fat shaming her into telling her she needs to lose weight...Among other things...

The end is night!

+1

[dueda]

The answer is: 2008!
If US wanted good health care, it would just be the case to copy* England's NHS. Free, top quality, well paid professionals, and no Mayo Clinic.

[dueda]

Interesting inflation chart in this page (expenditure growth by category) - Health left most on the rear mirror.
2009-2019 US Dollar inflation



According to that site, investment in S&P 500 index went from 1 to 4.08 (308% gain), which results in 2.06 after the compound 18.49% ten year inflation.
So, for some companies economy grew over 100% - But people are still struggling to recover after 2008 and health is "making a killing".

[xeitgeist]

One positive thing about this is it will curb the overpopulation problem when everyone who earns less than six figures is dead.

[dueda]

That will never happen, idiots love making babies even if they can't afford lunch. Only way to end overpopulation is by killing or neutering.