tag:blogger.com,1999:blog-4900303239154048192.post8759553220620495413..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Will Obama’s Approach to Containing Medicare Costs Lead to Shortages?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4900303239154048192.post-27402280393544378302013-01-22T05:28:37.382-05:002013-01-22T05:28:37.382-05:00Medicare is bit costly and we need to bring many c...Medicare is bit costly and we need to bring many changes as more over we need to have the sophisticated technology to avoid any frauds!<br /><a href="http://www.medicaredelaware.com/" rel="nofollow">Medicare</a><br />Julie Andersonhttps://www.blogger.com/profile/11021093589355544311noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-25333427872355735442012-08-15T15:47:35.403-04:002012-08-15T15:47:35.403-04:00"If we do nothing, the CBO predicts that Medi..."If we do nothing, the CBO predicts that Medicare spending , which is now running at 3.25% of GDP will grow to 6.5% of GDP by 2050."<br /><br />That makes health care seem to be a growth industry. It's percentage of GDP isn't meaningful without a measure of how much health care increases total GDP. Does the growth of health care as an industry contribute to the growth of the economy in general? If automobile production in the US increased as a percentage of GDP would we all be equally concerned about the growing cost of steel? Or would we be celebrating the increased production because of the expansionary effect on the economy?Jackhttps://www.blogger.com/profile/12971442888151627894noreply@blogger.com