Tag Archives: Administration

The US Healthcare System Is Hemorrhaging: It is Bleeding Close to $1 TRILLION a Year, by Dagny Taggart

Perhaps someday we’ll find the solution for efficient, affordable health care and health insurance: let a free market provide them. Until then, we’re stuck with the current monstrosity. From Dagny Taggart at theorganicprepper.com:

The Affordable Care Act continues to be anything but affordable.

In fact, the healthcare system in the US is in terrible financial shape.

A new study has revealed that waste and needless spending in America’s healthcare system could amount to almost $1 trillion each year. This exceeds the total US military expenditures in 2019 – the world’s largest defense budget – and as much as all of Medicare and Medicaid combined.

This news should not shock anyone.

If you are one of the hundreds of thousands of Americans who are in serious debt due to medical expenses, you are likely not surprised by the new study’s findings. As we recently reported, 66.5 percent of all bankruptcies in the US are tied to medical issues, either because of high costs for care or time out of work. An estimated 530,000 families turn to bankruptcy each year because of medical issues and bills.

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