We need to stop looking to politicians

Richard Armstrong, MD shares his thoughts on what physicians must do following the King vs. Burwell ruling by the Supreme Court of the United States:

The government is on a fantasy fiscal trajectory and they have been for 5 decades. MACRA accelerated it, but it allowed Congress to wash their hands of the issues for about another decade. This SCOTUS decision simply says that the government can “allocate” about another $700 billion to subsidize health care spending over the next decade…roughly.

Since 1990 the percentage of GDP allocated to all federal spending has remained relatively constant. However, in 1990 1/3 of that spending was on “entitlement” programs. By 2015 the percentage has increased to ½. The projection is that by 2030 the percentage will be 2/3. Spending on entitlements will crowd out everything else. Continue reading