increase in use of prescription drugs should theoretically lower overall healthcare costs.
As % of total HC expenditures increases for prescription drugs, the overall HC expenditure number should begin to decelerate or even drop. (as long as people continue to die on time:) )
I have not used this account in awhile and just saw your note. This implies that Medicare Part D is 20% or so of prescription spending - that is an amazing statistic if true. Am I reading it right? 2.2 trillion x 10% = $220 and 47.6 is 21-22% of that. That shows what unchecked entitlement programs can do and also points to tight price controls sooner than later given change of administration, coming massive deficits, reform, etc.
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