Cost’s are Increasing


In a stark reminder of growing costs, the government has released a new estimate that healthcare spending grew to a record 17.3% of the U.S. economy last year, marking the largest one-year jump in its share of the economy since the government started keeping such records half a century ago.

The almost $2.5 trillion spent in 2009 was $134 billion more than the previous year, when healthcare consumed 16.2% of the gross domestic product, according to an annual report by independent actuaries at the federal Centers for Medicare and Medicaid Services, or CMS, scheduled for release Thursday.

Medicynical Note: Healthcare reform is inevitable. The question is whether it will follow the republican dream plan for insurers or be a more benevolent plan that aims to benefit those who need care most–our citizens and those with illness.

At this point the odds are 60-40 against passage of the current initiative which would assure affordable insurance to 94% of our population and cut costs over time. Doubly amazing.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s