GDP Blog

MEDICARE FOR ALL: Good POLICY or Good Politics?

Posted by Seth Denson

Jan 18, 2019 7:02:21 AM

During the most recent mid-term elections, Healthcare continued to rank atop the list of those things most important to Americans. According to Gallup, 80% of Registered Voters listed healthcare as either extremely or very important, followed closely by the Economy and Immigration both at 78 percent. Medcare for allWith Republicans failing to do anything comprehensive regarding health care during their recent control of both houses of Congress as well as the Executive branch, the U.S. finds itself once again in a discussion around the government’s role in solving America’s health care crisis. Among the solutions most touted by Democrats is the idea of a ‘Medicare for All’ platform.

According to Vermont Senator Bernie Sander’s, the most outspoken legislator leading the charge for Medicare for All, “Health care must be recognized as a right not a privilege for every man, woman and child in our country regardless of their income. The only long-term solution to America’s health care crisis is a single payer national health care program.”

No question that in America, something should be done to insure that every citizen has access to quality affordable health care, how we accomplish this may be a bit more complex than the broad brush of ‘single payer.’ While the idea of nationalized medicine might sound good to many Americans and makes for a good talking point on the cable news talk shows, when it comes to government run healthcare, the devil may most certainly be found in the details. Our team at GDP Advisors reviewed ‘Medicare for All’ (specifically the plan outlined by Senator Sanders), and have compiled our thoughts and opinions on the measure.

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Topics: healthcare, healthcare reform, health care, medicare for all, congress

THE TRUMP EFFECT: A Closer Look at Why ACA Enrollment is Down & What Consumers Need to Know

Posted by Seth Denson

Dec 14, 2018 10:31:47 AM

As we near the end of this, the 6th Open Enrollment period since the ACA was implemented; all indicators are that the overall enrollment numbers are down. While it is easy to point to the most common reasons we might hear is the cause, a deeper dive into all factors surrounding enrollment is essential to understanding all of the various drivers of the dismal enrollment numbers.

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Topics: ACA, Obamacare, Health Insurance, healthcare reform

The President's Plan to Curb Rising Prescription Drug Costs: What Was Said, What Wasn't Said, and What Needs to Be SAid

Posted by Seth Denson

Feb 13, 2018 1:24:18 PM

Late last week, The Council of Economic Advisers which operates within the Executive Office of the President released a nearly 30 page white paper outlining issues related to the ongoing increase in costs associatePresidental White Paper-1.pngd with pharmaceutical drugs.  The report was broken into multiple parts, ranging from introducing this issue, describing how Americans are paying higher prices for prescription drugs than the rest of the developed world, and finally how we might improve innovation to reduce the overall price of healthcare.  Within the sub-parts of the document were topics including how Medicaid and Medicare procure prescriptions for their participants, how other world markets are benefiting from the U.S. led innovation and development, how middle-men known as Prescription Benefit Managers are inflating the overall cost of prescriptions, and the lengthy process by which drugs become available in the marketplace. 

SUMMARY & COMMENTARY

While the original intent of the White Paper was to both outline problems and offer up solutions, the document favored the former, and provided little by way of real policies that might impact the rising cost of prescription drugs.  We agree with the information provided in the brief; however it fell short in the areas of solutions only offering few suggestions limited in substance.  Healthcare is a real problem in the United States making up 18% of the Gross Domestic Product.  Of the $3.4 trillion spent on healthcare each year in the United States, roughly 20% of that number, $457 billion, is on prescription drugs.  Said differently, for every $100 generated in the United States, $2.50 is spent on prescriptions. 

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Topics: Republican Healthcare, healthcare reform, iamthelorax, prescription drugs

GDP's Seth Denson Join's the Jeff Angelo Show on Des Moines WHO - Broadcast Date 2/2/2018

Posted by Seth Denson

Feb 2, 2018 4:22:56 PM

Seth Denson joins "Need to Know with Jeff Angelo" on 1040 WHO in Des Moines to discuss the Amazon, Berkshire Hathaway, JP Morgan collaboration on healthcare and its impact on the stock market. 

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Topics: healthcare reform, stock market, iowa, amazon, iamthelorax

Health Care Reform Update - July 25, 2017

Posted by Seth Denson

Jul 25, 2017 5:16:47 PM

Today the US Senate voted 51-50 to move forward on debate of the Better Care Reconciliation Act of 2017 (BCRA), the Republican proposed healthcare repeal and replace legislation.  In today's video blog we will discuss the proceedings and what did - or didn't - happen and what happens next.

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Topics: ACA, Cure for Healthcare, U.S. Healthcare, healthcare reform, brca

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