Business

Are We Facing The Biggest Bubble Since Housing?

We had the “dot com” bubble and then we had the housing bubble. You‘d think we’d learn our lesson, right? Apparently not.

Due to constantly rising healthcare costs, Citigroup economist Steven Wieting says the healthcare industry will be the cause of the next big bubble. And as if his analysis wasn’t scary enough, he also suggests it will be bigger than anything we’ve seen before.

“It’s not a single asset price that’s about to pop (like housing) and it doesn’t have a cyclical component,” he explains during a live interview on CNBC’s Fast Money.

“It’s a fundamental bubble that will have a large impact on the economy,” he added.

Watch Wieting explain the possible new bubble (via CNBC):

Wieting went on to explain that healthcare costs are growing at a pace too fast to support.

“Ultimately there will be a price to pay” he says.

Because companies and governments already try to support the rising cost of healthcare, Wieting predicts these costs will cut into budgets.

“We’ll either have to raise taxes or increase budget deficits in order to finance it. And it will crowd out other things. Already we’re starting to see it impact education and infrastructure spending,” he said.

Co-host Jon Najarian added to Wieting’s prediction by saying that it might get to the point where people will be forced to decide which healthcare products they can do without.

“This kind of thesis doesn’t bode well for medical device makers such as Intuitive Surgical the maker of daVinci. And it’s probably negative for implant makers like Stryker,” he said.

Carousel image courtesy Shutterstock.com

Comments (231)

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  • Unix
    Posted on April 13, 2012 at 11:45pm

    The biggest bubble I see, hmmmm, $170 TRILLION in US DEBT/Unfunded liabilities! usdebtclock.org ain’t it swell…

    Report Post » Unix  
    • MCDAVE
      Posted on April 14, 2012 at 11:19am

      these bubbles all have one thing in common ,they are all caused government interference in private enterprise..

      Report Post »  
    • Copo
      Posted on April 14, 2012 at 12:27pm

      @Mcdave but the MSM will never admit it. Bubbles are caused when prices get artificially high, which only happens when the government gets involved and artificially “stimulates” the economy.

      Report Post » Copo  
    • AmazingGrace8
      Posted on April 14, 2012 at 8:15pm

      Agree!
      P.S. Just saw a news item about Robin Gibbs being gravely ill. I went to You Tube & listened to the video, 4:34 min, 1,141,421 hits, Bee Gees “Staying Alive”HQ (beat for doing CPR) We are losing alot of our history by so many deaths in the last few months…at least those I knew in my 65 yrs on this earth.
      I pray Robin has a close & personal relationship with Our Lord Jesus Christ! Thank you, Robin, for your music that will be played by many for years to come. I play the tv special(DVD) of the Bee Gees from a few years ago at nursing homes & the people tap their feet & hum along with the songs. Music for the young & old.

      Report Post »  
  • Mary Just
    Posted on April 13, 2012 at 9:52pm

    Americans certainly are a bunch of cowardly morons. Lets see health care is increasing exponentially I wonder why? Could it be from the 40 million illegal aliens.

    Report Post »  
    • TrueSoundsOfLiberty
      Posted on April 14, 2012 at 4:24am

      Try more like 11.5 million. Some of the factors contributing to the uptick in healthcare costs are actually the insured. They go to the doctor at the first sign of the sinffles as well as going as often as they can as to reach their deductible in order to get “free” healthcare. The companys also drive up the cost by denying claims and shifting them to the consumer who cannot afford them thus shifting them to doctors and hospitals. Then doctors and hospitals charge more to make up the loss.

      Report Post » TrueSoundsOfLiberty  
    • sWampy
      Posted on April 14, 2012 at 10:08am

      40 million is a lot closer to the real number than 11, just like 25% is a lot closer to the true unemployment number than the 8% the idiot in they white house has told his babbling minions to babble.

      Report Post »  
    • TrueSoundsOfLiberty
      Posted on April 15, 2012 at 4:33am

      Even the most egregious place the highest number at 21 million. The consensus is between 11 and 12 mil. 40 million would make well over %10 of those in the US illegal.

      I’m kind of amazed that nobody challenged me on why health care costs are so high lol.

      Report Post » TrueSoundsOfLiberty  
  • Netizen Kane
    Posted on April 13, 2012 at 9:19pm

    Guess what? The numbers now support what the left has engineered through government to support a government takeover of healthcare. Brainiac here only sees the numbers…

    Report Post » Netizen Kane  
  • P8riot
    Posted on April 13, 2012 at 8:42pm

    Yes, I’m actually still laughing each time I read it… my favorite part is how the worms are “mad or agitated about something” LOL LOL! Funny part is too, that my comments probably won’t make sense to anyone since your comment will likely be taken off soon…

    Report Post » P8riot  
  • P8riot
    Posted on April 13, 2012 at 8:37pm

    I can’t stop laughing as I read your comment! LOL – seriously – THERE IS SOMETHING EXTREMELY WRONG WITH YOU (in an extremely funny way)!!!

    Report Post » P8riot  
  • Wdawg
    Posted on April 13, 2012 at 8:12pm

    Bubbles are part of Capitalism and have been happening since the middle ages. Anyone ever ready about the Dutch Tulip in the 1600s?

    Report Post » Wdawg  
    • soybomb315
      Posted on April 13, 2012 at 8:38pm

      bubbles are the result of government intervention. recessions and panicks are a different story

      Report Post » soybomb315  
    • MatrixRedPill
      Posted on April 14, 2012 at 6:36am

      Bubbles are created by schemers. Glenn Beck is right, this is a spiritual war. I am not religious, but I can see the human are born with Sins, we need religion, family guidance, ….. Even the book 5000 Year Leap mentioned that our free Repulic will not work without having good, law /rules following citizens. Our system was created for such citizenary, too many holes for dishonest schemers and scammers to use and profit.

      Report Post »  
    • taxpro4u03
      Posted on April 14, 2012 at 6:52am

      VI-kings (6th tribe of Israel aka tribe of Dan) – wound up in England (among other areas of EUROPE, then ‘dissenters’ under CHARTER found their way to N.America) — I believe the East India Trading Company began in the 1600′s – still alive and well today operating thru front companies, but the LOOT finds its way BACK to Westminster Abbey/Vatican :-)
      MehBe the Beckmeister might could do a ‘history of the nefarious Dan’s’ for us one day — Now THAT would put some sunshine on the West, eh?

      Report Post »  
    • Avigdor
      Posted on April 14, 2012 at 7:57am

      Think about the education bubble. Universities are overpriced. At some point that cost will burst.

      All of this goes back to the 1990s which was the beginning of this cycle. It takes about 20 years to clean up the mess. Just look at the last bubble economy, the Roaring ’20s, which was followed by 10 years of the Depression then 10 years of WW2. The previous bubble was in the 1850s followed by the Civil War then the Recession of the 1870s. Basically the cycle is about 70 years long, from bubble to bubble.

      Report Post »  
  • The-Monk
    Posted on April 13, 2012 at 7:56pm

    This article starts out with, “We had the “dot com” bubble…” Yes, we did. Do any of you know why we had the “dot com” bubble?
    In Dec 1999, during the Congressional Christmas break, Republicans and Democrats passed the, “Commodity Futures Modernization Act of 2000” and Bill Clinton signed it into law. This law stopped the safeguards put in place in 1937, after the 1929/30 crash and prevented gambling on derivatives.
    Gambling on derivatives was now legal in 2000 and we had the “dot com” crash. This was just a “warm up” for the 2007 problems and the 2008 crash.
    http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000
    I thought some of you might want to know about this.

    Report Post » The-Monk  
    • The-Monk
      Posted on April 13, 2012 at 8:32pm

      2000 Commodities Act Paved Way For Problems
      http://www.npr.org/templates/story/story.php?storyId=102185942
      March 20, 2009, on NPR with Melissa Block and Michael Hirsh.
      Even NPR acknowledged this Law was a disaster.

      Report Post » The-Monk  
    • piiguissa
      Posted on April 14, 2012 at 11:36am

      My butt is so big and round it looks like a bubble…But is not, it’s just a big butt, so not everything that looks like a bubble is bubble.
      I personally like to go abroad for scheduled health issues. Better care, due to less regulations and doctors don’t have to be paranoid about stupid law suits, so they can do their job right, and it’s cheaper, and good quality care.

      Report Post »  
    • Puddle Duck
      Posted on April 14, 2012 at 5:35pm

      Just about everything the Clinton’s did (in conjunction with self serving Hill Democrats and few fair weather repubs, like Snow) during the nineties was a future disaster in the making. The massive trade imbalance and the rise of the Chinese economy had been paved by the Clintons in the first term, much too many Americans shock on hiow they handled the agreement (the exodus of jobs from the US manufacturing sector which was steady trickle turned into a massive torrent). The US manufacturing base has been under assault (from all sides) ever since the oil embargo of the early 70′s. The election of Carter in 76 nearly killed the US Steel Industry single handed…Carter was responsibkle for so many of the problems we now have enshrined as useless , money wasting regulatory leviathans outside of Congressional oversight (by and large)……Dept of ED, EPA to name two. 4 Presidents have chnaged the nation 180 degrees. Kennedy (signing into law the right for public sector employees to unionize), LBJ (his great society, Medicare law), Carter ( so many bad policies entrencehd into the fabric of the Federal apparatus it boggles the mind), The Clinton’s ( I say Ck\linton’s because it was obvious to anyone with half a brain that Slick Willy was the not the brains of that marriage, nor was he the policy guru, Hillary was wearing the pants and calling the shots). Again with the Clintons the sheer amount of red tape, bad policy, poor foreign policy decisions …mind numbingly bad. BHO-

      Report Post » Puddle Duck  
    • Puddle Duck
      Posted on April 14, 2012 at 5:51pm

      BHO……coup de grace., sianora Freedom, Good bye Capitalism…hello Comrade here is your (worthless) future.

      Report Post » Puddle Duck  
  • soybomb315
    Posted on April 13, 2012 at 7:42pm

    No, the bubble we are in is the interest rate bubble thanks to the federal reserve. When that bubble pops (either through inflation or market forces), the entire economy will freeze and we will have stagflation for a long time

    Report Post » soybomb315  
    • P8riot
      Posted on April 13, 2012 at 7:53pm

      agreed. Also, don’t forget that if the “bush tax cuts” are allowed to eclipse, then dividend earnings will be taxed through the roof – making everyone sell out right before it hits – causing a huge crash in stocks.

      Report Post » P8riot  
    • Baddoggy
      Posted on April 13, 2012 at 8:02pm

      pffffffffffffffffffffttttttttttttttttttttt….Hyperinflation will wipe out everything. You seen the 10 Trillion dollar bill from Zimbabwe that wont even buy a loaf of bread?

      Report Post » Baddoggy  
    • The-Monk
      Posted on April 13, 2012 at 8:05pm

      @Baddoggy
      Does it have Obama’s picture on it? If it doesn’t…. ours will.

      Report Post » The-Monk  
    • progressiveslayer
      Posted on April 13, 2012 at 8:32pm

      When China decides to stop buying our debt you will see change you can believe in because it will be much more than a slogan from a Marxist wannabe who read about Marxism and got aroused by it.

      Report Post » progressiveslayer  
    • Raider1
      Posted on April 14, 2012 at 2:25am

      Try the Wiemar republic (Germany) At one point their cash was 1Billion to our 1. That’s hyper inflation! The fed dickering around with the economy and regulations trying to “fix” everything is going to, or has already, started an America bubble. Soon everything we have worked to build will be gone in one fell swoop because people can’t just let the free markets work their magic. Everyone seems to think they can game the system with no repercussions. We can thank our corrupt and unvirtuous politicians and financiers who find ways to beat em at their own game.

      Report Post » Raider1  
    • Copo
      Posted on April 14, 2012 at 12:30pm

      Our entire economy is a bubble. Houses are still artificially high because of mortgages. Mortgages are the stupidest thing ever. People say “oh how will people buy houses without them”. They won’t which will bring down the demand and thus the price, and houses would no longer be artificially expensive which would destroy the possibility of a bubble forming.

      Report Post » Copo  
    • TIKRITONE
      Posted on April 15, 2012 at 1:34pm

      Progressiveslayer, I hope China does stop buying. I would like the heroin cut off and some real responsibility in budgeting take place. The same reason a poor credit score keeps people in debt from adding more debt. I would like to see just one budget started from the “we have this much in revenue” and then start paying what is Constitutionally required until the funds are zero. Everything else goes byebye.

      Report Post »  
  • supressorgrid
    Posted on April 13, 2012 at 7:39pm

    The past 4 decades of getting something for nothing is coming to an end. We only have two simple, very simple choices. We must raise taxes and generate the revenue to pay for all this, or cut the amount of the free stuff availible. We, All of us must share the burden, rich and poor alike. Our politicians can no longer use fancy accounting and project future budgets based upon non existant resources to keep their image as sugar daddies. I propose a vote on the ballet on November 6. Vote yes if you wish YOUR taxes to increase to fund these projects, or vote no if you want your government entitlements and services to be drastically cut. We are running headlong down a road that is coming to a fork and we must either go left or right because there is a great big tree looming directly in front of us.

    Report Post »  
    • Puddle Duck
      Posted on April 14, 2012 at 5:46pm

      Taxation of the base ( that actually pays more than it gets back) has hit the wall (at the local and state levels). Raising taxes is not a viable nor sensibkle option…which leaves us with just one solution…cut spending and cut it now across the baord at every level of Gov’t, re negotiate contracts and pensions or tell the public sector they will have no job no pensiion down the road…the private sector has taken the brunt of this downturn while the Gov’t has grown (vastly out of whaxck with the private sector in terms of pay scale and benifits). These inequities are the true scandal …..when Obummer goes into his fair share class warfare BS he is overlooking entirely the whole class of priveledged public sector workers he has created at the expense of the private sector taxpayer that has no more blood to give.

      Report Post » Puddle Duck  
  • cous1933
    Posted on April 13, 2012 at 7:25pm

    Ask Ron Paul. He accurately warned of every other bubble bursting while the so-called experts laughed at him. He was right and they were wrong.

    Report Post » cous1933  
    • THXll38
      Posted on April 13, 2012 at 7:53pm

      You beat me to it!

      Report Post » THXll38  
    • P8riot
      Posted on April 13, 2012 at 7:57pm

      I’m not a Ron Paul guy, but I have to admit – he did call it before anyone else did. Maybe Romney could use him?

      Report Post » P8riot  
    • soybomb315
      Posted on April 13, 2012 at 8:13pm

      romney doesnt need him therefore romney doesnt want him

      Report Post » soybomb315  
    • THXll38
      Posted on April 13, 2012 at 8:17pm

      Paul does not want nor need him also. They are indeed polar opposites.

      Report Post » THXll38  
    • Patriot of My America
      Posted on April 13, 2012 at 8:23pm

      Ron Paul is a two faced liar. his district in Texas has had more PORK than a pig farm. And he is all wrong on how to handle international policy. so what is it that this lifer politician is such a great American. My back pockets… He is a pro spending RINO as with the rest of the RINOS and I am revolted to think that so many have been unable to actually look up the truth about this RINOS PORK for his district.. R E A L L Y… Get a clue.

      Report Post »  
    • P8riot
      Posted on April 13, 2012 at 8:30pm

      You’re all probably right, but Romney and Paul seem to get along pretty good. I think they could both learn from each other in different regards.

      Report Post » P8riot  
    • P8riot
      Posted on April 13, 2012 at 8:34pm

      @PATRIOT OF MY AMERICA

      This will be interesting to watch – a libertarian fight!

      FIGHT! FIGHT! FIGHT! FIGHT! lol

      Report Post » P8riot  
    • soybomb315
      Posted on April 13, 2012 at 8:42pm

      LOL. i dont think ‘my america’ is a libertarian – sounds more like a troll

      yea, ron paul and romney get along well and it almost makes me puke. actually it doesnt, but i really had wished ron paul spent more time talking about the shortcomings of mitt romney. If ron paul doesnt go 3rd party, then it will be obvious all along that his backup plan was to be on romney’s ticket

      Report Post » soybomb315  
    • P8riot
      Posted on April 13, 2012 at 8:50pm

      @SOYBOMB315 – If Ron Paul gets on the ticket somewhere, would the libertarians trust his judgment enough to then give Mitt a chance?

      Report Post » P8riot  
    • soybomb315
      Posted on April 13, 2012 at 9:02pm

      i wouldnt. at the end of the day, it is mitt who will be calling the shots

      Report Post » soybomb315  
  • Itsjusttim
    Posted on April 13, 2012 at 7:25pm

    It’s time to purge the world from all you demons who are walking around. Hey, you can‘t say God didn’t give you a chance to do right.

    Report Post » Itsjusttim  
    • ChuckSammich
      Posted on April 14, 2012 at 1:36pm

      And just what are you doing with your chance? Posting malarkey daily, hourly, and then responding to your own malarkey. Something about insanity and repeating the same over and over and over and over…

      Report Post »  
    • Puddle Duck
      Posted on April 14, 2012 at 5:57pm

      I think Tim’s erratic nonsensical verbal diarrahea is down to a bad batch of E going around the Oakland OWS camp either that or his glue sniffing days are not yet over. Maybe it’s a combo of both.

      Report Post » Puddle Duck  
  • bhelmet
    Posted on April 13, 2012 at 7:24pm

    Now we have to ask will Obamacare make the bubble better or worse? Thankfully we have some recent history to look at. Did govt help with the housing bubble or make it worse? Did the govt help the student loan bubble or make it worse (it hasn’t popped yet, but it will before the health care bubble)? Did the govt help the currency bubble or make it worse (we, too, will see this one soon). What is the common denominator in all these bubbles? Government/Fed (enabler of the govt). These politicians need/want these bubbles to burst – just not until after the election (win-win for lefties again – they blame the Republican if they lose the election and they will use it as the crisis they need to seize power if they win. Lose-lose for the citizen.

    Report Post » bhelmet  
  • Itsjusttim
    Posted on April 13, 2012 at 7:23pm

    Don’t forget about the giant Housing Bubble in China getting ready to break. There’s several bubbles getting ready to break, and then the gold bubble which will be the final bubble to break. Hey, didn’t God say he would deal with you, leaving you no place to run? Yes he did.

    Report Post » Itsjusttim  
    • The-Monk
      Posted on April 13, 2012 at 7:39pm

      @Itsjustnuts
      How you doing 85? Up to no good again? Please take your meds… you might feel better.

      Report Post » The-Monk  
    • chazmo
      Posted on April 13, 2012 at 10:05pm

      You wouldn’t know a bubble if it burst in your bathtub…

      Report Post » chazmo  
    • Raider1
      Posted on April 14, 2012 at 2:33am

      Gold isn’t in a bubble. It may go down again unless bubbles start poppin. The reason gold isnt around 4 to 5 thousand an ounce is because of this piece of paper called TIPS. Treasury inflation protected securities goes south into the realm of toilet paper then gold will sky rocket.

      Report Post » Raider1  
    • Puddle Duck
      Posted on April 14, 2012 at 6:14pm

      Tim put the paper bag (and the airplane glue in it) down, you need to let the raison in your skull get a little oxygen once in a while.

      Report Post » Puddle Duck  
  • CatB
    Posted on April 13, 2012 at 7:19pm

    My health insurance just went up another $51 per month .. I only have major medical .. single person .. where is my $2,500 savings? … and if not WHERE IS MY WAIVER?!

    REPEAL OBAMACARE!

    Report Post »  
    • progressiveslayer
      Posted on April 13, 2012 at 7:25pm

      If you‘re on medicaid you’re good to go until that becomes insolvent in the near future.Obama’s goal is the eventual phasing out of private health insurance and a move to single payer ie government health care,when that happens our republic is finished.SCOTUS needs to strike down the abomination of a law the idiots in D.C passed in total not just the individual mandate.

      Report Post » progressiveslayer  
    • CatB
      Posted on April 13, 2012 at 9:42pm

      I feel so stupid .. for PAYING my own way all these years .. should have just sat around and gone on medicaid .. end up in the same place.

      Report Post »  
    • Mr Galt
      Posted on April 13, 2012 at 11:40pm

      I can sympathize, mine just went up $100/month for two people. The place where I work came out with a two-tiered system last year to get ready for Obammy care – one where you actually get to choose things like a doctor and the care you’ll receive, and the other, you have to ask the bureaucratic machine for permission for treatment. They are laying ALL of the additional costs on the “choice” plan people, meaning they are punishing us – trying to force us into their socialized style plan. Eventually, they will pull the rug out on us and stick us in with the rest of the folks in the medical Gulag.

      Report Post »  
    • Plan B
      Posted on April 14, 2012 at 8:40pm

      CATB,

      My health insurance was $350 in the months before Obamacare passed. Last month the premium went up to $950. This is just 2 years. I am in shock and decided if health care is not overturned I will join the masses. Dump my heathplan and if I get sick(no preexisting clause will exist) I will just buy a health insurance plan then. Health insurance in this nation is doomed if Obamacare holds. But then, if they keep raising the premiums no one will be able to keep it anyways. My insurance company blue cross says the premium raised are due to obamacare..

      Report Post »  
    • Zorro6821
      Posted on April 15, 2012 at 1:10pm

      The problem is not Obama care….it just exposed the problem. Healthcare costs have been soaring well before Obama care with no end in sight. What mostt people do not understand is that we have insurance
      care not healthcare. The insurance companies need to make a profit and provide nothing toward healthcare. We do not have a Healthcare System,,,we have an Insurance Mandated Cartel System where the middle man takes 50% off the top. Insurance is only concerned about risk management to maximize profit. I wish people would refer to our system as Insurance Managed Care.

      Report Post »  
    • Look4DBigPicture
      Posted on April 15, 2012 at 1:36pm

      The Affordable Health Care Act has nothing to do with the quality of healthcare or bringing costs down. It has everything to do with creating another bubble to burst so the government will HAVE to swoop in and SAVE us. It’s a plot to give themselves more power and control over our lives. It’s absolutely disgusting … but how do we as individuals make it stop?

      Report Post »  
  • FORLORNHOPE
    Posted on April 13, 2012 at 7:15pm

    The debt along with high energy is the bigger problem, if we do not stop and turn around we will not have the wealth to survive the next 20 years as free people. All these distractions are distractions. We grow out of this, with cheap energy that will put everyone to work and stop spending on make believe problems

    Report Post »  
    • Zorro6821
      Posted on April 16, 2012 at 6:41am

      Healthcare in America is selective socialized insurance care. ALll our Politicians, Unions, Teachers, Elderly and Military over 65 and poor get Free Subsidized Care. That make up 50% of the population. another 30% get it through employment and just a mere 20% actually pay their own premiums. You just have to crunch the numbers to see why we have a problem. The Folks who pay their owm have the highest premiums average 14,000-15,000 a year for a family of four.. OKay when premiums exceed a house Mortgage then Healthcare becomes a luxury. The shift is also made worse by Transerring 500 billion from paid Medicare to unpaid Medicaid that most folks do not eve know about. Si basically the Medicare Seniors who have paid all their lives are getting Robbed. It is one big Mess. The states should control Medicaid and Heath care not the Feds.

      Report Post »  
  • freedom_gurl35
    Posted on April 13, 2012 at 7:09pm

    If this proves to be true, then Obamacare is going to turn this bubble into an out-of-control locomotive. At the end, when the bubble bursts, it’s going to be downright bloody for this country.

    Report Post » freedom_gurl35  
    • progressiveslayer
      Posted on April 13, 2012 at 7:17pm

      Single payer has been the Marxist POS goal for many years and he knew then it would bankrupt America,that’s why it was so appealing him.There’s a youtube clip of Barry advocating for single payer.

      Report Post » progressiveslayer  
    • Raider1
      Posted on April 14, 2012 at 2:39am

      What do you mean “IF”? Did anyone else notice the new spending of 17 trillion over 75 years tucked away in the healthcare bill? http://hotair.com/archives/2012/04/01/sen-sessions-obamacare-adds-17-trillion-or-1-9-of-gdp-to-nations-unfunded-liabilities/

      Report Post » Raider1  
    • Puddle Duck
      Posted on April 14, 2012 at 6:36pm

      Raider1 is that over and aove what the CBo has projected as the yearly cost for the first 10 years ( 4 years of collection, 6 years of payout at 2.6 trillion per annum) ?

      If so I would revise that stipend )carve out whatever you want to call it) and double or triple it’s cost before the end of 2024-2034.Frankly speaking I do not think the nation will survive ( financially speaking) much past 2013 if Obummercare is not repealed in it‘s entirety before it’s firmly entrenched (by 2014). All of these future numbers are pure fanatsy when you take into acount the confluence of factors now facing the Western World. The EU is going down and soon…that will trigger the freefall.

      Report Post » Puddle Duck  
  • lineinthesand
    Posted on April 13, 2012 at 7:07pm

    Bubbles are not rocket science….look to whatever government subsidizes and you will find one.

    Report Post »  
    • progressiveslayer
      Posted on April 13, 2012 at 7:14pm

      Our republic is a bubble and the Marxist POS in the white house is all giddy over bursting it,you know the whole fundamental transformation of America thing ie managed decline of our standard of living or a Marxist utopia where everyone is made equal,equally poor.

      Report Post » progressiveslayer  
    • Channel3
      Posted on April 13, 2012 at 7:34pm

      Also stand by for the:

      Public sector/government worker pension bubble.

      The student loan bubble.

      The commercial real estate bubble.

      The social security bubble.

      Report Post »  
  • truebluepatriot
    Posted on April 13, 2012 at 7:04pm

    I practice Family Medicine and I can tell you a LOT of the costs (if you don‘t even count illegal aliens’ care) is Medicaid. The medicaid patients in my practice receive FAR better benefits than my “commercially insured” patients. They want an MRI because “my arm hurts, but I don’t know why”, SURE, why not? But my 50 year old construction worker is forced to undergo Physical Therapy for his torn rotator cuff before he can get an MRI, ensuring that his torn muscles and tendons will retract, forcing the surgeon to do much more difficult repair and keeping this tax-paying, hard-working guy out of the workplace longer. Knock off the Medicaid people going to the Emergency Room for the “cough and congestion” or “******* itching” or “I jammed my finger” crap that their Momma shoulda told them how to take care or, and literally thousands of dollars per week in my small town alone would be saved.

    Report Post »  
    • soybomb315
      Posted on April 13, 2012 at 9:47pm

      right on man. is there a deductable for medicaid? seems like all they need to do is increase deductable by $10 and then they will realize it is not worth going to ER

      Report Post » soybomb315  
    • drmda
      Posted on April 13, 2012 at 10:04pm

      My wife is a pharmacist. She has told me that Medicaid patients get their meds for a co-pay of only one dollar. And, if they just say they can’t afford the dollar, the co-pay is waived, by law.

      Report Post »  
    • urnokid
      Posted on April 14, 2012 at 8:38am

      No one should be allowed to go to the Dr, without some cost to them. If there is some cost, regardless of how little, it would cut out A lot of the frivolous trips to the Dr.

      Report Post »  
    • leftcoastslut
      Posted on April 14, 2012 at 10:14am

      I work for a couple of speciality doctors and I would say that at least 75% of the patients are on Medicaid (here in southern calif we are overrun with illegals). Like at the pharmacy, they only need pay $1. and have a referral from their primary doctor. 20% are on Medicare and 5% private health insurance with deductibles approaching $5,000. The doc has to fly through the visits because at the end of the day he still has to run his company and pay his employees. The government keeps lowering the reimbursement rate on Medicaid and therefore it will soon drive more doctors out of business.

      Report Post »  
    • term limits for congress
      Posted on April 14, 2012 at 10:59am

      I self-medicate.

      Speaking of,.. start drug screening at the ER and at frivolous office visits. I bet a lot of people will be miraculously cured.

      Report Post »  
  • Teabunny
    Posted on April 13, 2012 at 6:59pm

    Check out the silver bubble! in fact, precious metals 9but silver will go first!) then the market will separate out …physical and paper….MF global/JP Morgan Chase swap??? the “occupy silver” movement (check Max Keiser) get ready…they are going to force the pop!

    Report Post » Teabunny  
  • Mivoyses
    Posted on April 13, 2012 at 6:58pm

    So question, just why are health care costs so expensive?
    Is it all the free medical care to illegal aliens? Is it the cost of the materials and R&D that go into them?
    Is it the prescription/drug costs? Is it personnel and human resource costs?
    Or is it the fact that insurance company’s only pay a percentage of what is billed by the doctors office thus driving up costs?

    One truly wonders.

    Report Post »  
    • ChuckSammich
      Posted on April 13, 2012 at 7:25pm

      Fraud is huge. We have a demographic that gets a decent job, then grows tired of the work thing, and then files a claim for stress and anxiety-they can’t function and need to isolate(while shopping, shamming and getting 2nd jobs under the table). Mental anguish is the new low back claim. Unions suck up a lot of resources for fraud. Then there is the whole illegal enchilada we all get to pay for. Many different avenues to approach to get to affordable health care-no one person willing to tackle it head on. We have the buzzards standing up for the malingerers, lawyers make it very hard to even broach tort reform. Lots of docs go broke just paying insurance and malpractice suits. On and on and on and on.

      Report Post »  
    • FlowerBell
      Posted on April 14, 2012 at 3:58am

      Everybody’s insane out of control, voracious greed and criminality. People’s worthless, lazy fat butts doing nothing and sucking everything dry. Cheats, perverts and users. Freaks who relish taking from others, and taking and taking.
      We live in a pit of snakes. Nasty, smelly, vulgar snakes.

      Report Post » FlowerBell  
  • felix
    Posted on April 13, 2012 at 6:52pm

    quit paying for ever illegal pos out there would be a hugh help ! p.s. thanks for that demothugs

    Report Post »  
  • TRILO
    Posted on April 13, 2012 at 6:52pm

    Coming from an Obama supporter…. the sky is falling because of heathcare. If the government would get out of the healthcare industry, like telling insurance companies they have to provide “free” birth control the costs might not be as high as they are today.

    No the next big bubble around the corner is the student loan bubble that is now over $1 Trillion dollars. Our kids have been fed a line of cr@p that the only way you can succeed is to go to college, rack up thousands of dollars in debt and become a debt slave. Now there are no jobs and they are saddled with this debt that will follow them to the ends of earth.

    Report Post » TRILO  
    • Todd P
      Posted on April 14, 2012 at 6:08pm

      Well, I hope it doesn’t LITERALLY follow them to the ends of the earth….. I have someplace in mind to get to just before all he!! breaks lose…..

      Report Post »  
  • marine249
    Posted on April 13, 2012 at 6:51pm

    hey what happen to the story about the
    fancy digs BO raises money in?

    Report Post »  
    • RJJinGadsden
      Posted on April 14, 2012 at 11:39am

      I’ve noticed that several recent day stories are gone. If you posted on that article just tag your name and see if there is a post in your file for that story. Cut and paste the story title for your search engine then add ‘The Blaze’ to it. Then you can find what is left of the story, but it only works if you want to do some catch up reading. No point in making more posts.

      Report Post » RJJinGadsden  
  • Mutiny
    Posted on April 13, 2012 at 6:47pm

    I know its getting old, but Ron Paul was right about this one also.

    Report Post » Mutiny  
    • FreedomsQB
      Posted on April 13, 2012 at 7:04pm

      Got to love that Ron Paul takes action on those things that actually matter to our Country’s future.
      545 Ron Pauls in Washington DC = dramatic change toward The Constitution and Freedom!
      545 Mitt Romneys in Washington DC = business as usual, slow death march toward Tyranny.
      545 Obama’s in Washington DC = Mad rush toward Tyranny

      Report Post » FreedomsQB  
    • progressiveslayer
      Posted on April 13, 2012 at 7:09pm

      Paul’s right about a lot of things but the problem is we have one party in this country the big government party and the big government party will spend us into oblivion.

      Report Post » progressiveslayer  
    • soybomb315
      Posted on April 13, 2012 at 7:53pm

      yea we need a 2nd party in this country. republicans and democrats are two wings of the same bird of prey (big govt)

      Report Post » soybomb315  
  • chips1
    Posted on April 13, 2012 at 6:45pm

    I guess I‘d better hurry and get my lips botoxed and my nose flattened before Farrikan’s war starts.

    Report Post »  
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