Indiana Hospital Bleeding Money Because of Medicaid Patients

More information is starting to seep in showing the effects of how the growing Medicaid crowd is affecting hospitals. Continue reading →

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Thanks Obama: 90% of physicians plan to cut medicare patients

New government regulations via Obamacare are making independent physicians adjust their patient volume by not taking Medicare patients according to a new study. Continue reading →

U.S. Healthcare Spending Has Risen

Dr. Ed Yardeni has put together a post showing the consumer has saved dollars YTD on gasoline prices, the savings is being eaten up by higher medical expenses.
healthcare spending

Last week, I observed that while consumers are spending less of their budgets on gasoline, they are spending more on health care. The latest data through January show that the percentage of current-dollar consumption for gasoline plunged from last year’s high of 3.2% to 2.1% in January. Consumers saved $133 billion (saar) on gasoline over this period.

On the other hand, the percentage of their outlays for health care goods and services rose from last year’s low of 20.0% during March to 20.6% during January. I received lots of inquiries about this topic. Most readers want to know if this is attributable to Obamacare, which seems to have raised health insurance premiums, deductibles, and copays. I think so, but I don’t have the data to corroborate this conjecture.

Health care consumption includes spending paid for by both insurance and government programs, as well as out-of-pocket costs. Presumably and anecdotally, the latter have risen sharply. However, that wouldn’t necessarily bloat overall spending, though more out-of-pocket outlays would depress spending on other goods and services.

One Third of U.S. Baby Boomers In Work Force

Baby Boomers (people born between 1946 to 1964) are retiring in droves. According to Gallup via Economic Policy Journal, only about one third of Boomers are still working.

babyboomers

PRINCETON, N.J. — The first members of the huge baby-boom generation in the U.S. have reached retirement age in recent years, and these older boomers are retiring in large numbers, just as Americans in their mid- to late 60s did a few years earlier. While about eight in 10 boomers in their early 50s are in the workforce, the percentage employed drops to about 50% for boomers who are 60, and the proportion accelerates downward with each year of age thereafter. Only about a third of those aged 67 and 68 — the oldest boomers — are still working in some capacity.

How Federal Tax Dollars Were Spent in 2014

The Tax Foundation put together a chart showing how federal tax dollars were spent.
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Compare that to 1962 federal spending
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