Tuesday Links Posted on December 19, 2023December 20, 2023 by John C. Goodman Health care spending drops back to 17.3% of GDP. A less rosy view of the future of heath care spending. Paragon Health Institute: Medicaid expansion leads to a surge in spending, but reduces healthcare access for traditional Medicaid enrollees such as low-income children and people with disabilities and it doesn’t improve health. Biden: IRA drug rebates are saving seniors “as much as $618 per average dose on 47 prescription drugs.” Reality: Prescription drug prices increased by 2% under Trump, by 5.5% under Biden, and by nearly 6% in November. (WSJ)
“Health care spending drops back to 17.3% of GDP.” That’s welcome news. But is it because spending leveled off, or because the economy is recovering and GDP is way up? Whatever. My advice is, never trust what a graph looks like, if its X-axis does not begin at zero. Loading... Reply
the Blase article does not open
the IRA rebates article is gated
thank you
“Health care spending drops back to 17.3% of GDP.”
That’s welcome news. But is it because spending leveled off, or because the economy is recovering and GDP is way up?
Whatever.
My advice is, never trust what a graph looks like, if its X-axis does not begin at zero.
Sorry, my bad. Y-axis.