Healthcare Spending Now Accounts For Almost One-Fifth Of The Entire U.S. Economy

Everybody agrees that healthcare costs are way too high. Back in 1960, healthcare spending accounted for approximately 5 percent of GDP, and by 2020 it is being projected that healthcare spending will account for 20 percent of GDP. And when you break those numbers down into actual dollars, they become even more staggering. Back in 1960, an average of $146 was spent on healthcare per person for the entire year, but today that number has skyrocketed to $9,990. On a per capita basis, we spend far more than anyone else in the world on healthcare. In fact, we spend almost twice as much as most other industrialized nations on a per capita basis. Something has gone terribly wrong, and we desperately need to get this fixed. (Read More...)

11 Signs That The U.S. Health Care System Is Heading Straight Down The Toilet

I wish I had some good news for you.  But I don’t.  The U.S. health care system is a complete and total disaster and it is going to get a lot worse in the years ahead.  Even before Obamacare it was projected that we were going to be facing a shortage of more than 100,000 doctors by the year 2025, and now hundreds of thousands more doctors are thinking of leaving the profession because of Obamacare.  Also thanks to Obamacare, health care costs and health insurance premiums are rising faster than ever and yet the level of care continues to decline.  Our health care system is now totally dominated by government bureaucrats, health insurance companies and pharmaceutical corporations.  The truth is that the entire industry has become a giant money making scam, and the American people are being squeezed for every last penny.  We spend far more for health care than anyone else in the world, and the results are pathetic at best. (Read More...)