Author Topic: Medicaid costs have increased 31,000% since it's inception  (Read 351 times)

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Online rangerrebew

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Medicaid costs have increased 31,000% since it's inception
« on: February 28, 2014, 05:49:30 AM »
Medicaid Costs Have Increased 31,000% Since Inception

Posted By Michael Minkoff on Feb 26, 2014 | 1 Comment
Tom Coburn Official Portrait    


Republican Senator Tom Coburn, whose primary profession is as a doctor, has crunched some numbers (He’s pretty good at crunching numbers—you might have read his highly illuminating “Government Wastebook”) and given us an estimate of the bloat escalation of existing government health programs.

Forget Obamacare. Even when all we had was Medicaid, we were already doomed, according to Coburn. Obamacare just exacerbates an already dismal government spending situation. The numbers are almost unbelievable. According to the Daily Caller:


Using government data, in his report Coburn compares the initial spending and participation of each federal health-care program to its recent outlays in inflation adjusted terms.

 

Coburn, a medical doctor by trade, begins with Medicaid, highlighting that when the program was at its inception in 1966, it cost $800 million and had an enrollment of 4 million people. In 2012, Medicaid spent $250.5 billion on 55.6 million people — a cost increase of 31,212.5 percent and enrollment increase of 1,290 percent over 46 years.

This actually takes inflation into account. That’s just astronomical. 31,000 per cent?!  And Medicaid is a far less intrusive and extensive program than Obamacare. We should all be thankful it has taken so long for people to enroll in the public insurance exchanges. Because it is likely that a fully implemented Obamacare would completely break our already teetering national economy.
   



But that’s not all. Coburn observed that all government health programs have become more and more bloated and expensive over time. Basically, the civil government has dramatically underestimated cost and dramatically overestimated benefits in every single case. In his typically understated way, Coburn explains what our response should be to this information:


Based on a review of the facts, readers have solid ground for concluding the federal government has a poor track record of constraining health-care spending over time. Accordingly, in light of the reality of past trends, concern about the trajectory of the future health-care spending—whether in the ACA, Medicare, Medicaid, or other programs—is well placed.

Yeah. I would say so.

Read more at http://lastresistance.com/4880/medicaid-costs-increased-31000-since-inception/#jX9AJR31rmPk8xJq.99
Abraham Lincoln:

There is no grievance that is a fit object of redress by mob law.
--January 27, 1838 Lyceum Address

Don't interfere with anything in the Constitution. That must be maintained, for it is the only safeguard of our liberties. And not to Democrats alone do I make this appeal, but to all who love these
great and true principles.
--August 27, 1856 Speech at Kalamazoo, Michigan

Let us then turn this government back into the channel in which the framers of the Constitution originally placed it.
--July 10, 1858 Speech at Chicago

Offline olde north church

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Re: Medicaid costs have increased 31,000% since it's inception
« Reply #1 on: February 28, 2014, 07:54:38 AM »
I don't believe it's being spend on doctors.  It's being spent on imbecilic bureaucrats.
Why?  Well, because I'm a bastard, that's why.

Online rangerrebew

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Re: Medicaid costs have increased 31,000% since it's inception
« Reply #2 on: February 28, 2014, 09:46:29 AM »
I don't believe it's being spend on doctors.  It's being spent on imbecilic bureaucrats.

And doctors ripping off the system.
Abraham Lincoln:

There is no grievance that is a fit object of redress by mob law.
--January 27, 1838 Lyceum Address

Don't interfere with anything in the Constitution. That must be maintained, for it is the only safeguard of our liberties. And not to Democrats alone do I make this appeal, but to all who love these
great and true principles.
--August 27, 1856 Speech at Kalamazoo, Michigan

Let us then turn this government back into the channel in which the framers of the Constitution originally placed it.
--July 10, 1858 Speech at Chicago

Offline olde north church

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Re: Medicaid costs have increased 31,000% since it's inception
« Reply #3 on: February 28, 2014, 01:58:37 PM »
And doctors ripping off the system.

It would take 1000 doctors 1000 years to steal what Washington insiders can do with the stroke of a pen.
Why?  Well, because I'm a bastard, that's why.

Offline raml

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Re: Medicaid costs have increased 31,000% since it's inception
« Reply #4 on: February 28, 2014, 03:58:09 PM »
No way does medicaid pay doctors that well. If they did more doctors would accept it. Quit putting our problems on the doctors backs it is DC that causes all the problems everywhere in everything.

Offline Rapunzel

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Re: Medicaid costs have increased 31,000% since it's inception
« Reply #5 on: February 28, 2014, 04:15:54 PM »
No way does medicaid pay doctors that well. If they did more doctors would accept it. Quit putting our problems on the doctors backs it is DC that causes all the problems everywhere in everything.

The medicaid fee schedule is from 1968. Average reimbursement is $16 - $24 a visit.  An initial visit is around $60.
“The time is now near at hand which must probably determine, whether Americans are to be, Freemen, or Slaves.” G Washington July 2, 1776

Offline olde north church

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Re: Medicaid costs have increased 31,000% since it's inception
« Reply #6 on: February 28, 2014, 04:49:05 PM »
The medicaid fee schedule is from 1968. Average reimbursement is $16 - $24 a visit.  An initial visit is around $60.

BUTTTTT, because Medicare and Medicaid patients have no lobby, as opposed to everybody else, they become targets and red meat for the Right and Left.  Like the disabled.  Unlike illegals and personal and corporate welfare queens.
Why?  Well, because I'm a bastard, that's why.


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