The physics of economics is now catching up to government healthcare:
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Tag / hospitals
Doctors: Obamacare regulations helping drug addicts
Opioid drug use is rampant in the U.S. While there are multiple variables, doctors are starting to speak up
One third of physicians in U.S. 55 or older
Shortage of physicians in the U.S. is coming.
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Obamacare Eating Up Federal Budget
Staggering assessment by the CBO in how much Obamacare will cost taxpayers in 2016.
Chart: Where Nurses Work At
Here’s a breakdown of where nurses practice at
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Obamacare Sets Sights on Police and Teachers
“Money has no feelings” – Thomas Sowell
Today the Supreme Court ruled on another case pertaining to Obamacare. Continue reading →
Top Indianapolis Employers
I had gotten an alert about a bond sale in Indianapolis
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Medical Bills Pile Up on GoFundMe
Lately on social media I’ve seen a plethora of people touting “GoFundMe” accounts to raise money for one specific area, medical issues. I decided to look up numbers to see how often it’s used by people for this issue and the numbers are staggering:
According to data from GoFundMe, in 2011 there were about 8,000 campaigns on the site, generating a total of about $1.6 million dollars in donations. Compare that to 2014, where there were about 600,000 campaigns and close to $150 million dollars donated.
Credit WHOtv.com for the data.
Medicaid Will Eat Up State Budgets in Near Future
Obamacare for all intensive purposes is a gateway to universal healthcare via medicaid. When the ACA passed in 2010 it set up a medicaid program where the feds matched dollar for dollar states medicaid expansion. Here is a detailed explanation from the Chicago Tribune of an example in Illinois where estimated costs have ballooned from $500 Million to $2 Billion:
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Starting in 2017, Illinois and other states that also expanded their programs are required to start paying a small portion of the bill, rising to no more than 10 percent of the total tab. State health officials estimated in 2012 that Illinois’ portion of the expansion would cost $573 million from 2017 through 2020.
Original projections anticipated that 199,000 residents would sign up in 2014, potentially rising to no more than 342,000. State officials estimated a monthly, per person cost of $454, and revised that number upward to $882 in the document sent to in June to federal officials.
But through December, 540,877 joined Medicaid’s ranks. State officials said thousands more likely signed up through January.
Nationally, medicaid has exploded via Obamacare (9.7 million new enrollees) which means long term federal costs for ALL taxpayers.
How Much Does it Cost to Treat One Ebola Patient
The US State Department recently announced they will be bringing people from African countries who are infected with Ebola to the US for treatment. The expected cost per Ebola patient to be treated is $300,000. You can read the Washington Times article here but here is just a small caption:
The document has been shared with Congress, where lawmakers already are nervous about the administration’s handling of the Ebola outbreak. The memo even details the expected price per patient, with transportation costs at $200,000 and treatment at $300,000.
As with any government projected cost, this will probably go up. Each patient will be different and the costs will skyrocket if the patients turn worse like the patient in Dallas from Liberia.
Hoosier Econ 