Posts Tagged ‘healthcare’
Tags: army, banks, cartoon, corporations, education, energy, food, Gaza, government, healthcare, insurance, Israel, law, media, movies, Obamacare, prisons, real estate, Republicans, sports, war, water
Tags: cartoon, Detroit, Gaza, healthcare, Israel, law, Obamacare, Republicans, violence, war, water
Tags: birth control, cartoon, corporations, employers, healthcare, immigration, minimum wage, policy, United States
Tags: Brazil, cartoon, corporations, football, Germany, healthcare, jobs, Obamacare, trickle down, World Cup
Tags: cartoon, contraception, corporations, healthcare, Hobby Lobby, jobs, recovery, religion, Supreme Court, wages, Wall Street, women
The U.S. healthcare system ranks dead last out of 11 countries studied by the Commonwealth Fund [ht: ja].
The United States health care system is the most expensive in the world, but this report and prior editions consistently show the U.S. underperforms relative to other countries on most dimensions of performance. Among the 11 nations studied in this report—Australia, Canada, France, Germany, the Netherlands, New Zealand, Norway, Sweden, Switzerland, the United Kingdom, and the United States—the U.S. ranks last, as it did in the 2010, 2007, 2006, and 2004 editions of Mirror, Mirror. Most troubling, the U.S. fails to achieve better health outcomes than the other countries, and as shown in the earlier editions, the U.S. is last or near last on dimensions of access, efficiency, and equity. In this edition of Mirror, Mirror, the United Kingdom ranks first, followed closely by Switzerland. . .
The most notable way the U.S. differs from other industrialized countries is the absence of universal health insurance coverage. Other nations ensure the accessibility of care through universal health systems and through better ties between patients and the physician practices that serve as their medical homes. The Affordable Care Act is increasing the number of Americans with coverage and improving access to care, though the data in this report are from years prior to the full implementation of the law. Thus, it is not surprising that the U.S. underperforms on measures of access and equity between populations with above- average and below-average incomes.
The U.S. also ranks behind most countries on many measures of health outcomes, quality, and efficiency. U.S. physicians face particular difficulties receiving timely information, coordinating care, and dealing with administrative hassles. Other countries have led in the adoption of modern health information systems, but U.S. physicians and hospitals are catching up as they respond to significant financial incentives to adopt and make meaningful use of health information technology systems. Additional provisions in the Affordable Care Act will further encourage the efficient organization and delivery of health care, as well as investment in important preventive and population health measures.
Tags: 1percent, government, healthcare, income, inequality, market, nonmarket, transfers, United States
A second front has opened up in the attempt to deny the significance of inequality in the United States.
The first was to focus on earnings inequality within the bottom 99 percent, instead of the growing gap between the top 1 percent and everyone else. We’ve seen the insignificance of that one, when we consider earnings at the top are themselves distributions of the surplus appropriated by capital.
Now, in a second attempt to criticize the idea of growing inequality, it’s the role of nonmarket income (basically healthcare premia paid by employers plus government transfers). That’s what Robert Samuelson invokes, in sending us to Gary Burtless, who in turn sends us to the Congressional Budget Office.
Let’s grant the point: the distribution of income today is not directly comparable to that of the 1920s (if, that is, we include nonmarket income). It’s the same point I made when I argued we can’t compare Gini coefficients across countries—precisely because economic structures, including nonmarket incomes (plus, of course, in-kind services), are different.
Still, if we limit ourselves to the period since 1979 (as in the chart above), we can see that there was a growing gap between the tiny group at the top and everyone else: by 2007, the real incomes of the top 1 percent had grown by over 300 percent, while the incomes of everyone else by much else.
The result (as we can see in this table above) is that, by 2010, the percentage of income (both market and nonmarket) of the top 1 percent was much higher than that of any other group: 14.9 percent of before-tax incomes, 12.8 after-tax.
It may not be the symmetric 20-plus percent (of the Piketty and Saez estimates for market incomes) of 1928 and 2007. But these numbers do demonstrate that, even if we expand the sources of income, those at the very top—today just as at the end of the 1920s—are still pulling away from everyone else.
Tags: employers, health insurance, healthcare, Obamacare, profits, wages, workers
I always said health care reform would come to the United States, after decades of debating the issue, when private employers decided they could no longer afford the existing health-insurance system. And finally they did, and in 2010 we got the Affordable Care Act.
The question is, for whom is it affordable?
On one hand, the act does provide affordable health insurance for millions of Americans who before were either too poor to purchase any health insurance (and, at least in some states, they’re now eligible for Medicaid) or were forced to purchase private health insurance that was either too expensive and/or covered too little (and they can now purchase better and more affordable health insurance through the government-sponsored exchanges).
On the other hand, Obamacare is going to make it more affordable to drop workers from employer-provided health insurance programs, thus shifting the burden of paying for health insurance from employers to workers. In this, and as Neil Irwin reminds us, it’s not dissimilar from what employers managed to do by eliminating defined-benefits pension plans in favor or defined-contribution plans, and thus shifting the bulk of both the risk and the payments to workers themselves.
One way of looking at this is to examine what employers (at least large corporations) had to do to get access to the workers’ ability to labor. They had to pay a wage (so that workers could purchase the commodities they needed to consume in order to perform labor). On top of that, they had to distribute a portion of their profits to health-insurance companies, so that their workers could have access to health care. In recent years, employers have managed to shift more of the cost of that health insurance to workers (who have faced rising copayments and insurance premia, thus increasing the amount workers pay by 89 percent) but also, with the rising cost of health care, have had to pay out more from their profits to purchase health insurance from their workers (to the tune of an 77-percent increase).
If workers are shifted out of employer-sponsored plans to the health exchanges, employers’ profits are going to increase by a tremendous amount. According to the S&P Capital IQ study Irwin cites, we’re talking about
$700 billion between 2016 and 2025, or about 4 percent of the total value of those companies. The total could reach $3.25 trillion for all companies with more than 50 employees.
Workers, on the other hand, are going to have to pay for health insurance out of their wages, on top of everything else they currently purchase in order to support themselves and their families. Something is going to have to give.
Corporate profits will certainly rise. But how will their employees get by? As workers are forced to pay more and more of their health care, what are they going to have to give up—buying a home, saving for retirement, saving for their children’s college education?
In this sense, the reform that was implemented in 2010 may have made healthcare more affordable for the tiny minority of employers—but less affordable for everyone else.
Tags: benefits, cartoon, CEOs, corporations, gender, healthcare, inequality, minimum wage, profits, race, wages, workers