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It's Official: Americans Spent All Their "Gas Savings" On Obamacare
Last quarter, when we showed what was "The Reason For The "Surge" In Q3 GDP", some were shocked to learn that in the quarter in which US GDP posted a 5% surge, it was none other than Obamacare - a mandatory tax according to the Supreme Court which has the benefit of flowing through the US income statement - which contributed the bulk of this upside.
We are happy, and we use the term loosely, that history has just repeated itself, and now that the final number is available, what we wrote a month ago in "Here Is What Americans Spent Their "Gas Savings" On" has just been confirmed, and as the chart below shows, in the final revision of Q4 GDP, while virtually every other category of household spending was largely unchanged or revised lower, it was Healthcare, of which Obamacare was the biggest contributor on the margin, which saw an unprecedented surge in total spending, from $1.858 trillion to $1.871.9 trillion just between the second and final GDP revisions: a bump of $13.9 billion, without which Q3 GDP would have grown well below 2%!
It gets better, because in the fourth quarter total spending on healthcare in chained-dollars was a whopping $35.3 billion. An all time record!
And the absolute shocker: of the $89.1 billion increase in Q4 GDP in chained-dollars, healthcare was $35.3 billion of that, or 40% of the total.
Yes, healthcare spending accounted for 40% of GDP growth in Q4!
With that we are happy to have unmasked the two great mysteries of the US economy in recent history: the first being why there is no wage growth, which as we showed previously is because all the wage growth was going to the 20% of the workforce that is supervisors and bosses. For everyone else: better luck in a next life where you too get to "supervise."
... and now we have solved the mystery of why US households did not spend all those billions in "dropping gas price" windfalls - the answer is that they did in fact spend all this money.
On Obamacare.
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which bank will be bankrupt next?
Bondrates and Credit default swaps:
http://cds-info.com/index.php
That is another reason they dropped the oil prices. To keep the peeps from taking to the streets from the shock of having no money to pay for both. Now they will slowly suffocated the peeps by letting the gas prize drift back up. Just had to keep them docile by preventing a huge shock.
You'd have to wait until they got off their fat GMO asses before they could even get out the door
Our country is so healthy we have to spend more money on health care.
"If you like your 'savings' on gasoline, you can't keep your savings on 'gasoline'."
- BZero
I spent my 'savings' on cigarettes and booze!......I'm a proficient self medicator, self employed, dont eat unless I produce results that have meaning to my customers..American Mfgs, got dropped by BCBS back when this Ocare disaster was rolled out... told by them to get on the Ocare wagon..looked into it, could not afford it...havnt been to a doctor or dentist in 10+yrs and I'm 56 with a 65yr old Wife...I cut a skin cancer growth off my shoulder last night with my old roofing razor blade, flipped around to the clean side of course... pulled a tooth with some cheap whiskey and spiderwire fishing line last Summer..that took some doing, and sure could have used a friend, but it seems to have worked out..
I Make too much to qualify for any kind of rebate, so I only have myself to blame...paid my quarterlies and still owed 5k!...paid that to the Man...Good news is nobody stole my identity or tax refund! So thats one less thing to worry about....I'm tired boss, dog tired...cigarettes and cheap beer help....I drive a 2001 Chevy Prism and 05 Magnum...so I guess I had it coming...In an effort to stay true to ZH format...
fuck you and your lower gas prices and all you Richie Riches on the Ocare...you rich mutherhubbards!
Fuck health care pussies. Go to the ER or just let nature take its course
Starve the beast!
Walk off into the woods, and wrestle a bear.
Dumb question: With the M/E descending into war, how is oil still so cheap?
supply > demand + end of QE3
Oil is not as easy to manipulate as gold or stocks. Once it is pumped out of the ground, it has to be stored or consumed. Stocks are nothing but electronic certificates. All the gold in the world can be stored in one building.
What gas savings? Gasoline is $3.65 where I live in Southern California.
...but at least it's FREE HEALTHCARE regardless of how much people spend on it, it's still FREE and that's all that counts.
/drugged up Americans
+ dade7
Please report to your nearest reeducation camp. Have bank check for $1,250 to cover cost of pre-assessment test.
Thank you.
Stuck on Zero: Dude--that's not living. Get out while you
still can. Se habla Farsi?
No demand, oil is coming from a lot more places and different sources, and pipelines make a lot less tankers coming across Yemen and Suez
"Walk off into the woods, and wrestle a bear."
You do it first, or better yet watch while your family does it.
A young Canadian Mountie had just been assigned to his first post staffed with several older grizzled and experieced mounties.
They told him he had to undergo an initiation to be accepted.
First, they made him drink a large bottle of whiskey.
Then they told him he had to wrestle a grizzly bear and
when he did that he would have to go find and fuck an Eskimo woman.
The young mountie staggered out the door into the forest.
When he returned he was all torn up and bloodied.
He looked and his elder fellow mounties and said,
"Okay, now where's that Eskimo woman you want me to wrestle?"
http://goldtradercommentsaugust2010.blogspot.com/
Here's a tip, if you cut yourself, always carry some superglue, that way you can stich yourself for free and not bleed at the same time. I live through death by a thousand cuts this way so it's tested and approved, you should have no problem, you fit right in with this crowd.
DC trip preparation, do not go to DC like Miram Carey did, she went (unarmed not even a shaken bleach/ammonia bottle)in hand with her young child in the car, and got shot to death by 10 or more automatic weapons for traffic violations..I never knew her but I think about her death in DC as an icon of our freedoms today.
The family seemed to think that she was there to try and see Obama about a "love child" or something like that. It may have been that the homo lobby would have been greatly disapointed if news like this surfaced. It's hard to think that a POTUS who has the whole package in a first lady like Micahel (high heels and man junk) would be tempted to stray?
Oh please. Unless and until the US gets its fucking health insurance situation headed in a humane/affordable direction all US citizens are going to end up working only to pay their fucking medical bills. Basic medical care MUST become affordable or else...
As someone who has travelled on holiday to the US and unfortunately needed to 'consult' an MD there to obtain a prescription for a skin creme which is sold 'over the counter' (without need of a prescription) all over Europe. I ended up paying a whopping fucking bill for both the consultation (non-emergency) and for the creme, the creme was 3 times more expensive in the US... look, I don't know why you Americans put up with the non-stop ass-rape imposed on you by your insane preconceptions of an equitable basic national healthcare system. The system you want exists in Switzerland, study it and adopt it for yourselves. Put the healthcare dildo away and get with the fucking program, assholes. Otherwise you'll all go broke ans we're sick of your bitching about it.
"I don't know why you Americans put up with the non-stop ass-rape imposed on you by your insane preconceptions of an equitable basic national healthcare system."
Because Americans are more worried about eating junk food, sports, celebrities, abortions, gay marriage, and bombing Muslins.
u mad bro? so you had to pay alot of money for your herpies cream. boo hoo. and you bitch becasue we are bitching? go drink your tea and watch some more soccer, you long toothed fruitie two-shoe.
What the fucking hell is "herpies"?
Right, it has two pp - herppies
I think the "citizens" of Switzerland have a different client base. Blood transfusions and ritual child sacrifice are not covererd in the typical US system. By transfusions I refer to those used for rejuvinization vs. life threatening.
https://www.youtube.com/watch?v=_izi23CK6fc&spfreload=10
is that the same swiss that is land locked, surrounded by NATO countries, requires next to nothing for defense spending, pocketed a fortune in unclaimed WW2 bank accounts, and receives a massive subsidy from external sources for being a tax/currency haven?
care to explain how that model could be copied somewhere else?
and don't say get rid of the MIC. every other article on ZH suggests that, and it ain't gonna happen short of TEOTWAWKI
But "an equitable basic national healthcare system" is SOCIALISM!!!
Americans strongly prefer fascism, and handing over their meager earnings to the state/insurance partnership, because common good and interests are SOCIALISM!!!
If you think it's wrong to profit from human desperation and suffering, or legalized extortion rackets, the USA is not for you.
But why does big government or big business have to be in healthcare at all?
Before World War II, most Americans paid cash for their healthcare. Charities and religious organizaions provided healthcare for those who could not afford to pay.
I agree, you are 100% correct:
No more Medicare.
No more Medicaid.
No more VA.
If you get sick or are too poor to pay for health care, it's either your fault or God's will.
"Societal good" has no place in a true, free-market system.
People should be free to give to charities and religious orgranizations that provide necessary services and not have their tax-dollars go towards things that they don't believe in, like vaccinations and such. Me, I'd rather give to the animal shelter and save innocent puppies and kittens.
Hmmm, would you like to have all of the illegal aliens who come over to game the system for free benefits? Would you like to have all of the people who will shake down the system for free stuff and not work for anything? We can arrange that for you. Oh and do any of your citizens come over to the US for treatments, services and medicaitons? If so we will have to bill you and then repossess said items from you because of your ingratitude! Now go and get violated bya British Soccer Hooligan!
After talking to my accountant, she said that there are people ready to march on DC they are so pissed off. A lot of families were expecting refunds and now are getting their "subsidies" reversed and their refunds seized.
Look for a major tick up in credit card delinquencies in Q3.
the lightbulb might actually go on for millenials. if they get shaken out of their haze long enough to realize what they've supported.
you voted for it, you own it, kids. pay up.
Yup, the 25-35 year old crowd is being introced to the age old IRS term for "here's what we really meant and what you have to pay" aka, Plunger Rape.
Abolish the IRS, bring on the financial emancipation. That reminds me, I have to stock up on debt soon or miss the boat.
been debating this concept.....after years of doing the right thing and paying it off.....
we know what's up is down, good is bad, black is white.....so the new Moral Hazard might be paying off debt (with your own funds). might actually be wise to take out loans and wait for hillary to pay them off in exchange for votes.
Don't fall for it, no way the banks don't get paid one way or the other.
Stay debt free, and keep your head down until all the dipshits kill each other.
Yep, massive defaults will lead to QE4. The fed will print moar money to buy all the bad debt assets from the banks. The masses will end up paying via inflation.
Millennials are zombies.
No, they are more like Borgs. They are so plugged into their Igadets that they can't even begin to think for themselves.
So offer "the Millennials" a better fucking healthcare system which isn't based on "an employer". You people are constantly banging on about "debt slaves" but how the fuck else do you Americans acquire ANY healthcare insurance EXCEPT from an employer? WHY? WHY is an employer responsible for your healthcare? WHY?
Single payer system is the only sane system, as the Swiss do, with a "social" back-stop for the poor in society (there will ALWAYS be the poor in any society). There are plenty of poor in Switzerland believe it or not. Look, even with a decent, logical healthcare system here the global outlays for healthcare are rising dramatically. I look around at France, England, Italy, Germany and I see things are better for them i.e. the prices for pharmaceuticals - Suisse is notorious in Europe for its high prices - but what I see in the USA is utterly staggering in terms of prices/quality and availabilty and the millions who remain uninsured. The USA has the worst system for healthcare of any "civilized" nation and it's going to get even worse. Obamacare didn't cause your problems assholes, it's a symptom of your inability to make the bold move away from your idiotic "employer based" healthcare system. Talk about wage slaves, slaves to rotten wages and slaves to bloated, complicated and in most cases highly suspect "health-care" plans your employers "offer" you. Hate your job? Don't quit and do anything better 'cause you've got Blue Cross-Blue Shield... You "freedom of choice" American people really take the fucking cake. Party on USA, party on... but NEVER look through the windshield to where you're headed.
Just quit bitching about "socialism" as opposed to all your glorious "financial freedom and wizardry"
Switzerland does NOT have a single payer system. Switzerland has compulsory PRIVATE insurance that works... you know... that thing some dumb nigger promised the retards of the USSA's Free Shit Army.
It wasn't the proposed model that failed, it was the implementation- which was to be expected when the terms of implementation were dictated by insurance companies, big pharma, medical conglomerates and a bunch of eugenicists who were unhappy with the unacceptable rate of 'Murican resource consumption.
"Switzerland does NOT have a single payer system. Switzerland has compulsory PRIVATE insurance that works..."
It is a single payer system, it is compulsory (a national vote made it so) and there are many different providers, coverage plans to choose from.
Perfection is not human. We still pay too much, prices are continually going up but so are the complaints about the prices,
Perhaps you should look up the definition of... single payer??? (Last time I checked I paid Atpuri and my wife paid CSS every month - which makes two payers in a single household)
And yes, the prices of everything in Switzerland are too damn high, in my experience about (at least) twice that of the same products in the USSA -- really how the fuck does a Luminox watch made in Switzerland sell for less in the USSA, did oil prices go negative while I was sleeping and Obozo's economic team implement import subsidies by executive fiat? Ceteris Paribus real healthcare in the US should cost 1/2 of what it costs in Switzerland, so why does it cost more?
Or more to the point- who's dumber- the nigger who gets on stage and says that he will decrease prices for consumers by increasing monopolies and guaranteeing profit for those monopolies, or the monkeys who believe him. Obama makes Paul Krugman look like an economic genius.
@Urban Redneck
Thanks for pointing out my error. Absolutely, my understanding of the USA meaning of "single-payer" was erroneous; obviously I understood it to mean something else, something more akin to the Swiss system but:
"Single-payer national health insurance, also known as “Medicare for all,” is a system in which a single public or quasi-public agency organizes health care financing, but the delivery of care remains largely in private hands."
Not to put too fine point on it but in effect the Swiss"private" system ultimately offers exactly the same thing: basic Swiss salaries tend to be high but when you strip out all the various "obligatory" personal insurance costs you end up with a completely different income than that which people think the Swiss enjoy...
Getting the trains to run on time and maintaining all those underground cities is very expensive, sort of like the cost of Empire in USSA and the Department of "Defense" buying its "$500 hammers", the cost of the foundation flows through to the finished product in ways that aren't advertised, because if the masses knew what it actually costs, they might revolt, so a very non-luxurious lower or middle class lifestyle in Switzerland costs six figures by popular choice (albeit perhaps an unconscious choice), but if the USD is displaced as the reserve currency, only the top 10% would be able to afford that same very non-luxurious lower or middle class lifestyle in the USSA at over 100k per year, and it won't be by choice. Of course, if a universal basic income referendum passes - Switzerland would have a de facto single payer system by other (rather convoluted) means.
"WHY is an employer responsible for your healthcare? WHY?"
In the government's infinite belief that the system is static, they implemented wage controls around WWII. In order to attract workers, employers increased benefits instead of wages. Healthcare was one of those benefits. So now the government has implemented a fix to something that they previously "fixed" in the first place.
"Government exists to manage the problems created by its existence."
True to the extent of Obamacare. But when you look at everything else...We've been getting robbed since 1913. Raped since 1971.
True dat.
Its funny seeing this debate about 'how shitty' of a system obama care is..when its working just fine.
*note: it wasnt designed for mericans to have 'better healthcare'. It was ONLY designed for money and control. Period. So..yeah..the debate is pretty much over. But if ya like , you folks can still talk bout abortion, equal rights, wars on women..etc...
..
Who gives a rats ass? You have a dog in that fight??
You do if you live in the US.
johnny:
"After talking to my accountant, she said that there are people ready to march on DC they are so pissed off."
been there done that, If you do not bring guns, they laugh at you while the MSM smears them and lies about the numbers protesting..
guns are illegal in DC -
yea, right!
Bring BOMBS instead.
First target..The MSM Vans and their telecom uplink.
They provide the surveilance for Gov't forces. They are definitely not friendlies to the public.
Oh...Bombs are illegal??? Well...So are guns and if yer gonna break the law then you'd best do it in an overwhelming fashion.
Why would you steal a dime when there are Trillions out there to be heisted...if you are into stealing that is.
Consider risk versus reward.
Most likely you'll be killed if you have the gun. The bomb will cause more mayhem and havoc than any gun. You are going to be offed anyway, after the first gunshot report is heard, they will fire upon EVERYONE in the gathering.
Just choose your targets well.
So let's talk about those legalities issues.
Affordable......heh heh.....whatever.
When people who didn't have health care buy health care, of course spending on health care will increase. Why is having health care a bad thing? Don't get the point of this article.
They don't have healthcare. They have insurance, you dope. How about all the people who had healthcare and their premiums doubled or tripled? Is that a bad thing? How about the 40 million newly legalized illegals who will now receive subsidies now that they have SSN's?
You don't get the point because you're an idiot
+ 1000 Mr. Mustardseed. Astute, no one wants to agree with you, no one except those with any fucking intelligence.
^^^^^^^^^^^^^^^^^^^^^^^^^
I found the person to drink with at a bar.
I have the fun of choosing between paying for useless fascist care or just not eating. I figure I'll live longer if I buy food. FYI: Health insurance was much more affordable before the Affordable Care Act.
What part of paying for "insurance" that is purposefully designed to not pay out do you not understand?
How does it feel to be suckered by Obama that health insurance = health care
Mooooooo
Word.
And, I enjoy being witness to the unraveling threads of the proverbial Teddy Bear in the hands of an uninformed (disinformed) young electorate generation (22-35 years of age) who are helpless--theoretically due to the quality of parentage--to notice that Teddy is methodically separating from the very seams that account for its tangible impression (comfy fuzziness).
I see it near daily in my Liquor Store. It is one of the better grounds to witness human behaviour (we are not unlike a Church; we assist anyone from vagrant to judge in the selection of Holy Waters).
Who the fuck is 'they'? No one 'dropped oil prices'. You're a lunatic if you think there is a 'they' that can drop oil prices.
Oil prices dropped because global demand sunk since 99% of the world has no money.
QE ended in Oct. just as oil inventories started skyrocketing. It's the same folks who drove oil to $150/barrel in 2008. Around here, there are just as many cars on the road. Many are driving their SUV's and 70's model gas hogs they took out of mothball.
Here doesn't mean everywhere. Many of those shale oilfield rig hands and truck drivers lost their jobs. Suppliers are laying off workers. The Chinese economy is hitting the brakes. The EU is flat at best. Australia and Canada are in recession. Japan is in recession. Brazil is headed into the toilet. BDI is dead. There's more to the global economy than your neighborhood.
Yea but it didnt last long. Been creaping back up. Bet we will be at $60 next month.
I doubt it. A war actually involving SA would have taken oil above $200/barrel in the past.
And even if it does, it will be a temporary top before another decline.
you speak as if you are not one of the "peeps"
LOL! You are funny, banks cannot go bankrupt anymore. Just ask Hank "tanks in the streets" Paulson.
That only goes for Wall St connected banks. They let the community and regional banks go to hell
If swap exposures threaten to collapse a bank, "counter parties" will "appear" creating "contracts" with said bank to "hedge" against that (collapse) becoming a reality.
This game can go on to infinity.
The game can continue, but only as long as essential goods and services can be delivered.
Delivery systems of essential goods and services will be facilitated with the use of force if necessary.
Good luck getting volunteers to "facilitate" the delivery of something that does not exist...
If the Soviet Union taugh us anything, it demonstrated just how quickly "low prices" can turn into shortages when you have a centrally-planned economy and corrupt state.
So how duz shifting cashes from under one shell to another grow GDP?
I don't unnerstand. Not so good w'numbers you know
That's what a fucking tax is designed to do.
A fucking tax is designed to eventually stop fucking, not here in the USof A. It's balls to the walls until the dying end.
But we are so much healthier now!
/s/
Obamacare: The people who don't pay for anything .... still don't pay for anything .... those who pay .... pay much more for less !
Gotta protect the people from themselves. Without government it would be chaos: Ragnarok. Armageddon. Sodom and Gomorra.
Thank you government. Without your taxes I just could not manage my own assets.
well, whatever Obamacare is... it isn't a national healthcare system modeled after what most european countries have, like the British NHS. which is dirt cheap, in comparison (and "socialist", of course)
"Without government it would be chaos: Ragnarok. Armageddon. Sodom and Gomorra"
Interesting thought: what would really happen, without government? Or less government? Near you?
in Ukraine, just recently, the "beloved-of-ZH" (/S) president Poroshenko warned and then dismissed as governor a rival oligarch, Mr. Kolomoyski, citing his "pocket army" among the reasons
this guy was doing what I would expect amid chaos and civil war: applying the "principle of self-defense" on an industrial scale, i.e. first by hiring a security detail for his energy plants and then expanding it to a private army that fought the rebels in the east. in short, progressing from oligarch to full blown... warlord
now, I don't care about who was right of what, there. but I contend that if near you there would be a serious "power vacuum"... you'd see more of this stuff
to put it in a cartoonish view: Homer Simpson's little city has that iconic energy tycoon with a nuclear plant. that plant is not only valuable, it has to be protected for obvious security reasons. if the 7th Cavalry or whatever would not be available, coupled perhaps with some disturbance or even a civil war... it would be easy to explain why it really needs a regiment or two of private soldiers, perhaps even a retainer contract with some mercenary outfit for heavier weapons, intelligence and counter-terrorism
and there you would have it. Not Ragnarok or Armageddon, just plain warlord-ship in feudal or neo-feudal style. with some popular applause for the restauration of order, of course
the question is always "how much". there is a lot of political and logical space between "way too much" and "none at all"
Lots of common fallacies there. But what's new from the Europeans? They've had the chains on for so long they don't know what freedom is.
then expose my fallacies. show us. what did you do at home, lately? a new security department? "Homeland Security"? Is that freedom?
The EU healthcare systems are dirt cheap because
1. you pay for it through higher taxes instead of out of pocket
2. you don't have 40 million illegals and 50% of the population on welfare
3. the idiots in the USA are subsidizing healthcare for the rest of the world
nr 1. is correct, but it's still way cheaper. nr 2... well, I'll skip that one. nr. 3... I seriously have to think about that. can it be calculated? +1 for the damn originality of your comment, and thanks
Government should be small enough to provide a few fundamental amenities, like education, infrastructure and public works without seriously encroaching on people's lives. It can also provide an INDEPENDENT regulatory body for monitoring and ensuring market power does not get concentrated. Also possibly a defensive standing army.
It should be restrained by tax revenue only (not debt), and it should most certainly not be involved in pensioning. The verdict is out on money supply. I'd rather have money supply (Aka. the "golden goose" of monarchs, governments and bankers) to be managed by an automated system.
As we have discussed before Ghordius, this epic government debt-fuelled bubble economy is going to lead to some vicious economic consequences in the future.
Dirty Harry needs to be locked up before he gets away !
http://www.foxnews.com/politics/2015/03/27/senate-democratic-leader-reid-announces-retirement/
The Asshole .... from Pahrump ?
Searchlight
I guess he got the message from the beat-down he took.
Transfer $$$ from one corrupt oligarchy to another.
Yawn
More EBT cards!!!
You can;t eat Obamacare...
Why? Is there a pill for that now??
What the hell are 'chained-dollars'?
That's an old "Slave Trader" term of endearment !
New way to figure GDP, and inflation.
For instance - You have no inflation if food goes up 10% but cost of vehicle maintenance goes down 10%. Don't think about necessities, just this bullshiticies.
Savings!
I'm personally hellbent on denying the economy any "fruits of my labor" - just virtually refusing to participate at all. Outside of gas, electricity and internet, I spend about $75/month on average (home is paid off). Any gas savings did not increase that $75 one fucking cent.
I may be extreme, but a lot more people are thinking like me than the banking fags are comfortable with. That's another reason why velocity is down about 35%.
Yep, if the people want real change, all they've got to do is starve the beast.
The good news is that with the internet this is not so hard to achieve.
But as othe3rs have said, can the fat asses be even bothered to get off the sofa, especially when there's some breaking celeb news...
You are not extreme. I am following your strategy as well and when I do "voluntarily" spend it is in cash.
"I may be extreme...". not at all. what is really extreme is this relentless drive to push people to spend multiples of what they gain, not someone deciding to spend a fraction
in fact it's a pity that you think you are behaving in an extreme manner. you shouldn't. your behaviour would be called perfectly normal in most of China or Russia or Europe
I do my best to make sure any excess FRN's I have go to the PM dealers.
So, you don't pay property taxes? Interesting, what state are you in?
I admire the hell out of you! My expenses are much more than that, but I also refuse to spend money on anything discretionary so I'm with you in spirit.
"That's another reason why velocity is down about 35%."
And it will stay down
Obamacare...Otherwise known as higher taxes...in the middle of a depression. Pure genius.
Can someone please explain to me why services are factored into fucking GDP?
Because without services the USA would rank behind Jamaica in GDP, and we can't have that - because we iz eksepshunal.
Exactly. I mean, I'm no "Econ PhD" but why is the word "PRODUCT" in there if it measures services. Services are not products, hence the term "products AND services". If services were products we would not have the word "services" we would just call what a waiter does "making a product".
We live in fucking bizarro land...
Don't forget, they also include government spending, but DO NOT include, all the government debt.
If they were held to the same standard as Arthur Andersen, they'd also be in jail.
FYI. Apparentsley the terms are interchangeable. Case in point. My 2 brothers were born with hemophilia. (I was adopted). They both got a mega dose of HIV from the blood factor treatment provided by the pharma companies that knew their PRODUCT was killing people. Naturally the lawyers got involved and argued that product liabilitiy laws didnt apply because the blood product was in fact a SERVICE. Great. Both of my brothers died a horrible death. David in 1987 at the age of 17. John at the age of 30 in 1995. |But all is well. Pharma made billions. The public treasury paid off the parents. Privatized profits. Socialized liabilities. Oh, the value of a human life? $100 thousand each. Probably represents 6 months (or less) worth of profits per person treated with the service...er eh product.
Murder for profit. Its the American way
but...but..."you can keep your doctor. your insurance won't go up." Suckers!
I hear they have good food in the hospitals...3 hots and a cot......TVs...and nurses to give you a bath....whats not to like....the dying part...oh well
No, the food generally sucks (they limit fats and salts because it is the "healthy" thing to do). As for the nurses -
http://abcnews.go.com/Health/study-finds-55-percent-nurses-overweight-ob...
Hey, man can live on raw cereal and pepsi, and even be happy for life with some online poker.
.
That's Gitmo you're thinking of, minus the nurses and the dying. I heard it's quite plush, actually. One could be so lucky.
That's why we call it Cub Gitmo. Your tropical retreat from the stress of jihad.
Well. Umm.. the chart says "Healthcare" with an "Obamacare" added in parentheses. I hate to say this but we were spending money on healthcare expenses well before the ACA law took effect. All healthcare expenses are now dubbed "Obamacare"? Who wrote this? A Koch brothers propaganda writer? Zerohedge needs to do a better job screening their ghost writers.
I'm sure those healthcare expenses would have fallen dramatically with the previous status quo, right?
It was originally called Romneycare.
Before that it was called Tiergartenstrasse 4.
it was Republican before it was Democrat
that's the whole Foreign and Domestic policy in a nutshell for the last 50 years
the big "New Deal" squeeze and endless wars for bootee and geopolitical control for eventual bootee
each party advances the retreat like the proverbial frog in a pot, not too much at a time until the frog is boiled, each party taking turns upping the temp, and blaming the other party so they can take their turn next elections, ad nauseam
My healthcare expenses went up dramatically.
Rx prescriptions tripled.
Copays doubled to PCP. Tripled to specialist.
Deductible more then doubled.
And that is a UNION health care contract and I hate unions.
About 2 years ago I had surgery after being admitted into the ER. Overall, it cost me about $5k. If I had that same situation now. It would bankrupt me. Yes, you are correct, cost have always been going up. The point of the article and my point is that the cost is being passed more onto the patient. I have insurance, but I don't feel insured.
insurance companies wrote Obamacare, for their vested interests, not the public's
The banks got "theirs" with TARP; the insurance companies "theirs" with ObamaCare
Exactly. So many things wrong with this "analysis". For one thing, ACA was designed to make health insurance more affordable so more people could get covered. It should not surprise anybody that healthcare spending rises as more people get access to it.
It should be no surprise that legislation that obligates the spending of money, creates a cartel, links the highest healthcare spenders inextricably to the lowest, and does nothing to increase supply increases prices. It guarantees profit margins.
They should start teaching basic micro and macro in highschool, it appears as though a bunch of fools thought that in this environment prices would go down.
Yet your analysis is wrong. Why? Do you know how many people still don't have health insurance now? Over 30 million according to the left wing PBS.
http://www.pbs.org/healthcarecrisis/uninsured.html
or left wing CBS
http://www.cbsnews.com/news/many-americans-still-lack-health-insurance/
So the purpose of covering those uninsured didn't work, yet the cost for the rest of us went up.
What does that mean for you and me? It a reason the government will say it has to do more. Create more laws and regulations and tax us more. There is a reason you get so many down votes. You don't get this.
The "uninsured" were merely the excuse for the scam;
just like "climate change/global warming" is the net excuse for the largest scam coming
I suppose you think Obamacare causes rain, too. Dumbass.
Add premium costs on top of expenditue til you meet your deductibles
"Affordable" health Insurance isn't bending any cost curves for CARE
if you have to pay $6k per individual or $12k per family. Every single year
great argument...right up to the point that you realize everyones premiums are increasing and it's not simply new people being added.
Bullshit analysis.
Fixing this economy is easy.
Turn healthcare into a NFP industry.
I don't think quality would sink any lower.
We lead the West in having the most expensive shitty healthare.
That's like saying we can fix the Titanic, if we just put more holes in the side.
Take two holes and call me in the morning.
It's called bend over and screw the population.
They just opened a goodwill SUPERSTORE in my city. That's where people are buying their electronics and furniture. Parking lot is always full and the line winds all the way around a store about half the size of a wal-mart. It's crazy to see.
Goodwill is one of the biggest charity scams ever.
They take shit for free and sell it at retail. The Execs at Goodwill make millions. Other charities are similar where the top execs get millions like the Red Cross, UNICEF, United Way, etc.
About the only charity of value is the Salvation Army. The Salvation Army Commissioner made $13,000/year plus housing for managing a multi-billion dollar charity.
Obamacare/Romneycare???
WHAT DIFFERENCE DOES IT MAKE?
Thank you Mrs. Clinton.
I agree 100%!
Thank you John Roberts, you spineless piece of Supreme Court pond scum, for allowing the Sheeple of the Untied States of Detroit to be forced into socialized medicine. There isn't a deep eonugh hole in hell to place your sorry ass.
www.traderzoo.mobi
Yea,
That is someone I'd like to corner in some alley and ask him why. And after he gives me some BS answer, I'd kick him in the balls. Oh yea, he has no balls. My mistake. But I'd still like to kick him in the groin.
Tony Comito - Pea in the Shell
Central Planning magic.
Paulson should be the demonstrator. Bernanke looking on to make sure it is done right.
We insured some folks
buzzy_the_pirate_dog We insured some folks
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No, we just raised the cost of those that were insured. We still left millions uninusured.
This is something you'll NEVER see in the lame stream pee-dia....
This is why but one reason ZH is relevant...they even sneak this by their corporate masters...