OT: Interesting Global Health Care Graph

[davelj]

This is from one of my favorite bloggers – hedge fund manager John Hempton – who also does some very good analysis on banks (he’s a former bank analyst):

http://brontecapital.blogspot.com/2011/03/health-care-and-fiscal-reform.html

He comes to an interesting conclusion.

[briansd1]

Good post.

We’ve let the health care industry grow too much as a proportion of the economy.

Health spending growth was a boon to the economy for a while. For a while new drugs, medical equipment and procedures were helping growth.

But as our population gets more obese, older, and sicker, health care will consume more of our wealth, thus constraining growth.

Who will care for and feed the millions of obese, economically useless, and extremely costly folks in their old age?

[briansd1]

Good post.

We’ve let the health care industry grow too much as a proportion of the economy.

Health spending growth was a boon to the economy for a while. For a while new drugs, medical equipment and procedures were helping growth.

But as our population gets more obese, older, and sicker, health care will consume more of our wealth, thus constraining growth.

Who will care for and feed the millions of obese, economically useless, and extremely costly folks in their old age?

[briansd1]

Good post.

We’ve let the health care industry grow too much as a proportion of the economy.

Health spending growth was a boon to the economy for a while. For a while new drugs, medical equipment and procedures were helping growth.

But as our population gets more obese, older, and sicker, health care will consume more of our wealth, thus constraining growth.

Who will care for and feed the millions of obese, economically useless, and extremely costly folks in their old age?

[briansd1]

Good post.

We’ve let the health care industry grow too much as a proportion of the economy.

Health spending growth was a boon to the economy for a while. For a while new drugs, medical equipment and procedures were helping growth.

But as our population gets more obese, older, and sicker, health care will consume more of our wealth, thus constraining growth.

Who will care for and feed the millions of obese, economically useless, and extremely costly folks in their old age?

[briansd1]

Good post.

We’ve let the health care industry grow too much as a proportion of the economy.

Health spending growth was a boon to the economy for a while. For a while new drugs, medical equipment and procedures were helping growth.

But as our population gets more obese, older, and sicker, health care will consume more of our wealth, thus constraining growth.

Who will care for and feed the millions of obese, economically useless, and extremely costly folks in their old age?

[sdrealtor]

Did you just jump party lines?

[sdrealtor]

Did you just jump party lines?

[sdrealtor]

Did you just jump party lines?

[sdrealtor]

Did you just jump party lines?

[sdrealtor]

Did you just jump party lines?

[briansd1]

[quote=sdrealtor]Did you just jump party lines?[/quote]

Not all all.

I still believe in universal health care, especially basic preventive care for everyone in America.

But I also believe in health care rationing and means testing. Those who want the best health care can pay for it out of pocket.

Universal basic health care and and cutting costs (lowering the share of GPD health care consumes) are not mutually exclusive, IMHO.

[briansd1]

[quote=sdrealtor]Did you just jump party lines?[/quote]

Not all all.

I still believe in universal health care, especially basic preventive care for everyone in America.

But I also believe in health care rationing and means testing. Those who want the best health care can pay for it out of pocket.

Universal basic health care and and cutting costs (lowering the share of GPD health care consumes) are not mutually exclusive, IMHO.

[briansd1]

[quote=sdrealtor]Did you just jump party lines?[/quote]

Not all all.

I still believe in universal health care, especially basic preventive care for everyone in America.

But I also believe in health care rationing and means testing. Those who want the best health care can pay for it out of pocket.

Universal basic health care and and cutting costs (lowering the share of GPD health care consumes) are not mutually exclusive, IMHO.

[briansd1]

[quote=sdrealtor]Did you just jump party lines?[/quote]

Not all all.

I still believe in universal health care, especially basic preventive care for everyone in America.

But I also believe in health care rationing and means testing. Those who want the best health care can pay for it out of pocket.

Universal basic health care and and cutting costs (lowering the share of GPD health care consumes) are not mutually exclusive, IMHO.

[Author]

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