Good discussion. I enjoyed it.
Health Insurance Coverage in the United States: 2016
This report presents data on health insurance coverage in the United States based on information collected in the 2016 CPS ASEC.
And 2.2 million fall into the gap because 17 Republican controlled states refuse to expand Medicaid.
Oh goodness, that is percent of the federal budget spent on healthcare, not percent of total health care expenditures paid for by government funding versus private sector.
from Healthcare in the United States - Wikipedia
In 2013, 64% of health spending was paid for by the government,[5][6] and funded via programs such as Medicare, Medicaid, the Children’s Health Insurance Program, and the Veterans Health Administration.
Paltry?
Most large corps do quite well with a net profit at 5%-10%
Apple is the outlier at about 20%.
UHC was about 6% net profit, after paying its CEO well over 18 million in annual compensation.
lulubee: zantax: lulubee:Iirc, it’s about 28%.
Lol, try again, you aren’t even close. But I’ll save you the trouble, it’s 64%. Or was back in 2013, probably higher by now.
No it’s not.
During FY2016, the federal government spent $3.27 trillion on a budget or cash basis, up $18 billion or 1% vs. FY2015 spending of $3.25 trillion. Major categories of FY 2016 spending included:
- Healthcare such as Medicare and Medicaid ($1,060B or 28% of spending),
- Social Security ($910B or 24%),
- Non-defense discretionary spending used to run federal departments and agencies ($600B or 16%),
- Defense Department ($585B or 15%),
- Interest ($240B or 6%).[1]
Expenditures are classified as mandatory, with payments required by specific laws, or discretionary, with payment amounts renewed annually as part of the budget process. Expenditures averaged 20.3% GDP between 1967 and 2016, generally ranging +/-2% GDP from that level. The 2016 spend was 20.9% GDP, versus 2015 spend of 20.6% GDP and a recent 2009 peak of 24.4% GDP.[1]
Oh goodness, that is percent of the federal budget spent on healthcare, not percent of total health care expenditures paid for by government funding versus private sector.
from Healthcare in the United States - Wikipedia
In 2013, 64% of health spending was paid for by the government,[5][6] and funded via programs such as Medicare, Medicaid, the Children’s Health Insurance Program, and the Veterans Health Administration.
Ok. I misunderstood your question. But, imo, it doesn’t matter that it’s 64%. Canada covers everyone for only 6% more. Who is getting a bigger bang for their buck?
It is amusing to see the left arguing to give corporate America a big fat sloppy kiss though. You do know it’s currently business who is footing the bill for most peoples health insurance right?
i am told by cons that when corps have to endure/recover additional costs, like taxes, they just simply pass those costs on to the consumer.
Are you suggesting they do not do that to cover their insurance benefits?
Paltry?
Most large corps do quite well with a net profit at 5%-10%
Apple is the outlier at about 20%.
UHC was about 6% net profit, after paying its CEO well over 18 million in annual compensation.
You don’t seriously think the CEO’s salary had any significant impact on their profit margin do you? Oh and the average profit margin for S&P 500 is 11% so I am going to stick with 6% being on the low side.
zantax:It is amusing to see the left arguing to give corporate America a big fat sloppy kiss though. You do know it’s currently business who is footing the bill for most peoples health insurance right?
i am told by cons that when corps have to endure/recover additional costs, like taxes, they just simply pass those costs on to the consumer.
Are you suggesting they do not do that to cover their insurance benefits?
No, I am suggesting if you save them that money, it will go into the shareholders pockets, not to employees.
You graduate medical or nursing school, you do 2 or 3 or 4 years as a provider through the government program - then you get your license. And your medical school debt is paid.
The current relief for student loans for public service is 10 years. During that 10 years you still have to make student loan debt payments, at 10 years it is the balance that is forgiven.
My daughter is currently in such a program as her Air Force service will help forgive her law school debt.
.>>>>
zantax: lulubee: zantax: lulubee:Iirc, it’s about 28%.
Lol, try again, you aren’t even close. But I’ll save you the trouble, it’s 64%. Or was back in 2013, probably higher by now.
No it’s not.
During FY2016, the federal government spent $3.27 trillion on a budget or cash basis, up $18 billion or 1% vs. FY2015 spending of $3.25 trillion. Major categories of FY 2016 spending included:
- Healthcare such as Medicare and Medicaid ($1,060B or 28% of spending),
- Social Security ($910B or 24%),
- Non-defense discretionary spending used to run federal departments and agencies ($600B or 16%),
- Defense Department ($585B or 15%),
- Interest ($240B or 6%).[1]
Expenditures are classified as mandatory, with payments required by specific laws, or discretionary, with payment amounts renewed annually as part of the budget process. Expenditures averaged 20.3% GDP between 1967 and 2016, generally ranging +/-2% GDP from that level. The 2016 spend was 20.9% GDP, versus 2015 spend of 20.6% GDP and a recent 2009 peak of 24.4% GDP.[1]
Oh goodness, that is percent of the federal budget spent on healthcare, not percent of total health care expenditures paid for by government funding versus private sector.
from Healthcare in the United States - Wikipedia
In 2013, 64% of health spending was paid for by the government,[5][6] and funded via programs such as Medicare, Medicaid, the Children’s Health Insurance Program, and the Veterans Health Administration.
Ok. I misunderstood your question. But, imo, it doesn’t matter that it’s 64%. Canada covers everyone for only 6% more. Who is getting a bigger bang for their buck?
You can’t draw any such conclusion based on those two statistics.
On a break? That’s a bit harsh.
Playing on a phone during work hours is forbidden but if someone is on a break I really can’t say anything to them.
Medicare Overhead is about 2%.
Private Health Insurance overhead, close to 20%.
lulubee: zantax: lulubee: zantax: lulubee:Iirc, it’s about 28%.
Lol, try again, you aren’t even close. But I’ll save you the trouble, it’s 64%. Or was back in 2013, probably higher by now.
No it’s not.
During FY2016, the federal government spent $3.27 trillion on a budget or cash basis, up $18 billion or 1% vs. FY2015 spending of $3.25 trillion. Major categories of FY 2016 spending included:
- Healthcare such as Medicare and Medicaid ($1,060B or 28% of spending),
- Social Security ($910B or 24%),
- Non-defense discretionary spending used to run federal departments and agencies ($600B or 16%),
- Defense Department ($585B or 15%),
- Interest ($240B or 6%).[1]
Expenditures are classified as mandatory, with payments required by specific laws, or discretionary, with payment amounts renewed annually as part of the budget process. Expenditures averaged 20.3% GDP between 1967 and 2016, generally ranging +/-2% GDP from that level. The 2016 spend was 20.9% GDP, versus 2015 spend of 20.6% GDP and a recent 2009 peak of 24.4% GDP.[1]
Oh goodness, that is percent of the federal budget spent on healthcare, not percent of total health care expenditures paid for by government funding versus private sector.
from Healthcare in the United States - Wikipedia
In 2013, 64% of health spending was paid for by the government,[5][6] and funded via programs such as Medicare, Medicaid, the Children’s Health Insurance Program, and the Veterans Health Administration.
Ok. I misunderstood your question. But, imo, it doesn’t matter that it’s 64%. Canada covers everyone for only 6% more. Who is getting a bigger bang for their buck?
You can’t draw any such conclusion based on those two statistics.
Of course I can. They cover everyone. We don’t. Government spending on health insurance/ care is only spent on 37.3 percent of our population.
This report presents data on health insurance coverage in the United States based on information collected in the 2016 CPS ASEC.
Indeed.
UHC making a paltry 8-10 billion dollars in annual profit dollars is not acceptable.
How do they ever manage sustain that business model?
No, I am suggesting if you save them that money, it will go into the shareholders pockets, not to employees.
Depends on the tax rates.
Of course, that is the point. Take the profit motive out of the processing of healthcare.
calirepub:Private sector employers are also required to pay the employee while they aren’t producing during their mandatory breaks. I get 20 minutes a day to play on my phone and still get paid.
And what happens when something happens during your break.
I’d fire your ass for playing on a phone, even on a break.
Badass.
10 Char
On a break? That’s a bit harsh.
Playing on a phone during work hours is forbidden but if someone is on a break I really can’t say anything to them.
Well, someone doesn’t understand the importance of asserting their authority when Jim goes on break.
calirepub:Are you saying that poor people in America don’t deserve health care?
Come on man, if that’s what I was saying, I would have said it.
Why should a private sector employer have to pay for a person who isn’t there producing?
I’m simply stating the realities of the situation.
Most mid to upper level corporate America jobs have five sick days a year already. To do that for everybody would be expensive though, I won’t argue that.
What happened to the deficit under Obama? And Clinton?
How about trump and bush?
How’s it working?