nos-trum. pronunciation: \nos'-trum\. noun. Etymology: Latin, neuter of noster our, ours.
1. a medicine of secret composition recommended by its preparer but usually without scientific proof of its effectiveness.
2. a usually questionable remedy or scheme.
See here for more discussion.

Thursday, July 15, 2010

How Is Healthcare Spending Laundered?

The media talk about spending on healthcare in the US all the time.  Ever wonder who pays?

Source:  The Long-Term Budget Outlook from the CBO

A couple of things to note:
1.  Adding up Medicare, Medicaid, and Other Public (VA, DoD) spending accounts for almost 50% of total spending in the US.
2.  Private insurance accounts for 36% of the total
3.  Out of pocket spending is 13%.  If you have no insurance this means nothing; your out-of-pocket costs are 100%,  But on average, Americans contribute directly to somewhat over ten percent of the spending (not including premiums, whether paid by the employer or the individual.)

Once HCR takes effect, I wonder how high the government piece will go?  And since we fund the government piece of the pie through taxes, I wonder how much that adds to our overall bill?

Doc D

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