Part 1- the problem.
If you look at our present level of health care spending ($2.6 Trillion), and project it forward, growing at 6% annually for the next 20 years, the total exceeds $100 Trillion.
That’s 14 Zeroes:
- Just for health care
- Just in America
- Just for the next 20 years (if we look at 30 years, the number is over $200 Trillion).
That number is incomprehensible. Not only is it not sustainable, it is not even possible to finance this number. Yet, that is the path that we are on.
The present discussion aims to “bend the cost curve” and to somehow shift the burden:
- Blame the insurers
- Blame the pharmaceutical companies
- Reduce provider reimbursement
- Limit what Medicare pays on behalf of seniors.
Whomever we choose to blame, we are clearly headed for a scenario where we all work our entire lives just to pay for health care, and when we get old, all of our assets, if there are any left, get paid over to our huge, for-profit health system.
We must fundamentally restructure our health care system, and our expectations of living and of dying, or life will become one long health-care payment treadmill.
Part 2- the discussion. Please answer the following questions. One answer per question:
Now, please consider all of the answers you provided.
What do your answers, taken together, mean for the 14 zeroes in our future? Something to think about…