Catastrophic policy errors lead to catastrophic outcomes. Time to go into Operation "Reverse Warp Speed"

A lengthier post outlining the path to ruin for the US, starting with some health care economics.

What will health spending be in the US in 2022?

Whilst it is hard to get precise numbers for overall health spending In the US, there are a few numbers that provide a broad overview.

Bear in mind that the US is 31.5 trillion bucks in federal debt and the debt of its States is another 1.25 trillion bucks, representing election promises to buy votes that result in deficits to enable supporters to live beyond their means over the last two decades. Note that the output (not profit or disposable income, for the US is 25,7 trillion bucks here.

Note that using the CPI calculator here CPI Inflation Calculator (bls.gov) what cost 1,000 bucks in January 2017 costs 1,225 bucks in November 2022 – data to December 2022 will be out in a few days.

From here, here and here, health spending in the US (paid for or borrowed by its people is shown below:

2019   3.8 trillion dollars (11,617 per capita based on 2018 population of 325.1 million)

2020   4.1 trillion dollars (12,460 per capita based on 2019 population of 327.1 million)

2021   4.3 trillion dollars (12,991 per capita based on 2020 population of 331.0 million)

There was a 7.2% increased in health care spending in 2020, followed by a 4.3% increase in 2021.

Now, these variables are themselves variable. Maybe know is competent or capable of measuring the trillions upon trillions of dollars spent across the United States.

Check this out for example:

2022 Edition — Health Care Costs 101 - California Health Care Foundation (chcf.org)

“National health spending in 2020 increased 9.7% from 2019 to $4.1 trillion.” So far so good – 4.1 trillion bucks in 2020, and then the percentages - “US health spending increased by 9.7% in 2020, the largest annual increase since 2002 and double the 4.3% growth rate in 2019.”

It matters ittle that health care spending whether health care spending went up 7.2% or 9.7% - all the grfiters and scam artists took at least one tenth, probably one fifth, of all health care spending anyway. People pay for this, or vote for politicians who will borrow it and pay for the scam or grift.

What will spending be for calendar year 2022?

Well we have this arguing for an increase of 6.5% in 2022 compared to a 7.1% increase in 2021 (compared to the 4.3% increase calculated above – see how variable the variables are?

Medical cost trend: Behind the numbers 2022: PwC

These numbers are the proverbial tip of the iceberg. 30-40 years ago, inflation was defined as “cost push” (rising raw material, energy or wage increases) or “demand pull” (people to pay higher prices for goods In short supply). This has been largely replaced by the mantra “inflation everywhere is a monetary phenomenon (central banks allow an increase in money supply and create inflation and vice versa).

So, latterly, all the inflation being experienced now is a result of huge dollops of money supply injected by the Fed since the start of the pandemic. From here, you can get some sense of the impact – according to monetary economists. Since the start of 2020, the Fed’s balance sheet has grown from around 4 trillion bucks to 8.5 trillion bucks – equal to 17.5% of todays GDP and 22.5% of 2020’s nominal GDP.

Of course the Fed prefers to look at what it calls “Core” inflation. This excludes food and energy components. You know, the parts of inflation that impact the poorest, the most. C’est la guerre.

What are the prospects for 2023?

Provides of health care are facing steep rises in labor costs (nurses on strike in NYC are a “symptom” of this – a cause of angst amongst nurses is the laying off of those that refused the vaxx, significantly increasing their work load at a time of “more patients”). Their energy costs have sky rocketed along with everyone else’s. The cost of their medicines, sourced mostly from China, are subject to supply shortages and concomitant price increases – to name a few key factors.

Health insurance companies are facing pay-outs for the vaxx damaged. Injections over the last two years that have cost 50 bucks – paid for by taxpayers – have resulted in conditions that ate expensive to treat. Perhaps thousands of dollars a week for five million people who would otherwise be healthy hd they not been injected. Call it 100,000 bucks a year extra for 5 million extra sufferers = 500 billion bucks a year – plug in your own assumptions. My bet, is that health insurers will either have to raise premiums and increase co-pays by at least 50%, just to tread water in an inevitable drowning pool.

Life insurance companies face a similar challenge. They have already had to pay out years if not decades early on policies for those in the labor force who “died suddenly”. The speed of progression - from sickness paid for by health insurance companies for morbid conditions caused by C19 mRNA injections – to early death (billions of life years lost) from those morbidities is key. We can reasonable estimate that around 650,000 Americans died from the injections – on top of the one million (at least) preventable deaths from the (misdiagnosed) C19 “pandemic.

Put it all together?

Health care accounts for around one sixth of costs to run the economy. This is going to increase markedly. Skilled labor shortages (no-one wants a woke libtard, LBGTQ++, BLM activist employee seeking victim status to sue the employer) will cause shortages of all goods except perhaps cheap imports.

The catastrophic policy errors engaged ever since Operation Warm Speed were enacted will indeed prove catastrophic.

Reversing every policy decision enacted during the pandemic is of paramount importance. Not just for the sake of the health of every American, but for the future of the country and its economy.

Onwards!

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