Escolar Documentos
Profissional Documentos
Cultura Documentos
Irrational
Exuberance
a warning that a market
might be over valued
2
Source: Congressional Budget Office: The 2014 Long-Term Budget Outlook in 26 Slides, Slide 19
30,000
25,000
27,288
21,605
20,000
$ Billion
17,792
15,000
13,359
10,000
4,592
3,734
5,000
1,507
Source: Congressional Budget Office, The Budget and Economic Outlook: 2015 to 2025, Table 1-1 analysis (January 2015)
2025
2022
2019
2016
2013
2010
2007
2004
2001
1998
1995
1992
1989
1986
1983
1980
1977
1974
1971
1968
1965
16.0
14.0
Changing Nature of
Federal Govt Spending
11.2
12.0
Percentage of GDP
14.9
10.0
9.1
8.0
8.7
9.1
7.4
6.0
Mortality
4.0
Everything Else
2.0
Social Security, Major
Health, & Interest
Productivity
0.0
2005
2015
Source: Congressional Budget Office, The Budget and Economic Outlook: 2015 to 2025, Figure 1-2 analysis (January 2015)
2025
Year
$6,734
$6,500
$6,000
$5,500
$4,992
$5,179
$5,000
$4,500
$4,000
2014 Report
$3,500
$3,000
2009 Report
$3,272
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2009 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds, Table V.B1, Page 188
2014 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds, Table V.D1, Page 221
11
18
19 19
16
16
14
Million People
18 18 18 18
17 17 17
12
10
Source: Congressional Budget Office Insurance Coverage Provisions of the Affordable Care Act - CBOs January 2015 Baseline, Table B-2 analysis
0
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
12
2025
13
14
15
16
17
Household
Income After
Health Cost
$29,831
56%
18
Source: Whitehouse.gov
19
Going up
faster than
usual
52%
Don't
know
10%
kff.org
20
21
22
23
2499 Observations
2499 Observations
2499 Observations
A Deeper Focus
185%
180%
170%
160%
149%
150%
146%
140% 140%
143%
144%
147%
141%
140%
128%
130%
122%
120%
114%
115%
117%
118%
113%
110%
100%
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
296%
250%
200%
191%
150%
140%
119%
100%
81%
69%
64%
60%
50%
33%
42%
49%
54%
41%
32%
7%
0%
94
-50%
95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
11
12
-39%
-60%
-63%
-75%
-100%
47Source
Source: Avalere and American Hospital
Association
Markup
300
Cost
Retail Price
250
200
157
104
114
125
167
178
181
185
193
207
218
139
150
100
50
100
100
100
100
100
100
100
100
100
100
100
100
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
0
Year
48
$8,000
49
LAKE GRANBURY MEDICAL CENTER
DALLAS REGIONAL MEDICAL CENTER
MEDICAL CENTER OF MCKINNEY
LAS COLINAS MEDICAL CENTER
SOUTH HAMPTON COMMUNITY HOSPITAL
DENTON REGIONAL MEDICAL CENTER
DOCTORS HOSPITAL
MEDICAL CENTER OF LEWISVILLE
ENNIS REGIONAL MEDICAL CENTER
MEDICAL CENTER OF PLANO
PLAZA MEDICAL CENTER OF FORT WORTH
CENTENNIAL MEDICAL CENTER
TEXOMA MEDICAL CENTER
EAST TEXAS MEDICAL CENTER ATHENS
TEXAS HEALTH PRESBYTERIAN HOSPITAL ROCKWALL
MEDICAL CITY DALLAS HOSPITAL
NORTH HILLS HOSPITAL
METHODIST RICHARDSON MEDICAL CENTER
NOCONA GENERAL HOSPITAL
METHODIST DALLAS MEDICAL CENTER
METHODIST MANSFIELD MEDICAL CENTER
METHODIST CHARLTON MEDICAL CENTER
MEDICAL CENTER OF ARLINGTON
WEATHERFORD REGIONAL MEDICAL CENTER
DALLAS MEDICAL CENTER
HUNT REGIONAL MEDICAL CENTER
BAYLOR MEDICAL CENTER AT GARLAND
BAYLOR MEDICAL CENTER AT IRVING
NAVARRO REGIONAL HOSPITAL
BAYLOR ALL SAINTS MEDICAL CENTER AT FW
BAYLOR REGIONAL MEDICAL CENTER AT PLANO
BAYLOR HEART AND VASCULAR HOSPITAL
BAYLOR UNIVERSITY MEDICAL CENTER
BAYLOR REGIONAL MEDICAL CENTER AT GRAPEVINE
BAYLOR MEDICAL CENTER AT WAXAHACHIE
BAYLOR MEDICAL CENTER AT CARROLLTON
THE HEART HOSPITAL BAYLOR PLANO
DOCTORS HOSPITAL
TEXAS HEALTH PRESBYTERIAN HOSPITAL DALLAS
LAKE POINTE MEDICAL CENTER
WISE REGIONAL HEALTH SYSTEM
TEXAS HEALTH HEART & VASCULAR HOSPITAL ARLINGTON
TEXAS HEALTH PRESBYTERIAN HOSPITAL KAUFMAN
TEXAS HEALTH PRESBYTERIAN HOSPITAL ALLEN
NORTH TEXAS MEDICAL CENTER
TEXAS HEALTH HARRIS METHODIST FORT WORTH
TEXAS HEALTH PRESBYTERIAN HOSPITAL-WNJ
TEXAS HEALTH PRESBYTERIAN HOSPITAL PLANO
TEXAS HEALTH HARRIS METHODIST HOSPITAL STEPHENVILL
TEXAS HEALTH HARRIS METHODIST HURST-EULESS-
TEXAS HEALTH HARRIS METHODIST HOSPITAL AZLE
TEXAS HEALTH HARRIS METHODIST HOSPITAL CLEBURNE
TEXAS HEALTH ARLINGTON MEMORIAL HOSPITAL
TEXAS HEALTH HARRIS METHODIST HOSPITAL SOUTHWEST F
JPS HEALTH NETWORK
TEXAS HEALTH PRESBYTERIAN HOSPITAL DENTON
HUGULEY MEMORIAL MEDICAL CENTER
PARIS REGIONAL MEDICAL CENTER
GLEN ROSE MEDICAL CENTER
UT SOUTHWESTERN UNIVERSITY HOSPITAL
HOPKINS COUNTY MEMORIAL HOSPITAL
PALO PINTO GENERAL HOSPITAL
TEXAS REGIONAL MEDICAL CENTER AT SUNNYVALE
$-
50% Discount
$5,000
Medicare +40%
$4,000
$3,000
$2,000
$1,000
$2,500
$2,000
North Texas
Level II Echocardiogram
$2,525
$1,500
$1,262
$1,000
$500
$377
$527
$-
Medicare
Paid
Medicare
+40%
50%
Discount
Weighted
Avg Billed
50
Medicare vs
Private Payer
Texas Study
25
27
24
23
BCBSTX
20
Medicare
15
10
-1
0
Total Spending
Inpatient Spending
Inpatient Price
-5
Medicare and Private Spending Trends From 2008 to 2012 Diverge in Texas, Franzini, et al
53
54
Can a large
employer afford a
$1 million a year
minimum wage
employee?
55
56
57
Copyright Holmes Murphy
58