Tuesday, May 6, 2014
More Strong Evidence that the Third Party Payer Construct in Healthcare Stinks
According to David Goldhill's book, "Catastrophic Care" (and reinforced by the group, Physicians for a National Health Program), senior citizens are actually paying a higher percentage of their income in healthcare now (20%) than they were PRIOR to Medicare in 1965 (10%). Granted, some of that increase might simply be due to longer life expectancies but all of it? My suspicion is that it has a hell of a lot more to do with the fact that we've been subsidizing the hell out of healthcare and that whenever you're not spending your own damn money you simply don't spend it as prudently. It's common sense.