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SOURCE: www.bloomberg.com...
The Trump administration will slash spending meant to help enroll people in Obamacare, making good on the president’s threat to let the law wither after Republicans failed to repeal it earlier this year.
Arguing that the promotional spending was ineffective, the Health and Human Services department will cut the sign-up advertising budget to $10 million for 2018 coverage, down 90% from the $100 million spent for 2017 enrollment.
The administration will also reduce payments to groups that help people choose among their health insurance options under the law. Last year, those “navigators” got $62.5 million. Spending on them will be cut by 39 percent for the coming enrollment period, according to the agency, which oversees much of the law.
More than 70 percent of the population had some form of hospital insurance by 1965
Aggregate Health Spending and the Overall EconomyOver the last half century,total U.S. health expenditures steadily increasedas a share of gross domestic product (GDP),demonstrating the increased importance that society placesonhealth care relative to other non-health goods and services.During 1960 -2013, the health spending share of GDP increased from 5.0to 17.4percent(Exhibit 1).Over the same period, average annual growthin nominal national health expenditureswas 9.2percent compared to nominal GDP growth of 6.7percent. After adjusting for economy-wide inflation (using the GDPprice index),average annual health spending growth was 5.5percentbetween 1960and 2013compared to 3.1 percent growth in GDP(Exhibit 2).Each sector of the economy has a marginal impact on the change inGDP,which can be quantified as the dollar increase in spending for thesector divided by the dollar increase in GDP. For example, in 2013,nominal GDP increased by $605billion over its 2012level,while health
originally posted by: intrepid
You got to do something. What you had and what you have now isn't working. I say fund the individual states and let them handle it on that level. Needs vary state to state.
originally posted by: TruMcCarthy
Let it crash and burn, people don't deserve any better.
originally posted by: carewemust
originally posted by: TruMcCarthy
Let it crash and burn, people don't deserve any better.
If Congress had any brains, they'd let the free-market system come back to life. People who don't qualify, should be allowed to enroll in Medicare or Medicaid. Two single-payer systems that already exist!!!
originally posted by: CreationBro
a reply to: carewemust
What are the expected effects of this, besides saving tax payers some bucks?
originally posted by: olaru12
originally posted by: carewemust
originally posted by: TruMcCarthy
Let it crash and burn, people don't deserve any better.
If Congress had any brains, they'd let the free-market system come back to life. People who don't qualify, should be allowed to enroll in Medicare or Medicaid. Two single-payer systems that already exist!!!
Free market, in a corporate controlled industry with almost no competition?
originally posted by: CreationBro
a reply to: carewemust
What are the expected effects of this, besides saving tax payers some bucks?
originally posted by: toysforadults
a reply to: carewemust
Medicare and medicaid were the beginning of the problem