With Obamacare still in place, average every day deplorables are spending wads of dough on ever soaring insurance premiums, facing huge deductibles, and higher co-pays. As these costs continue to rise, benefiting the medical industrial complex, discretionary funds are eliminated from the average household budget. Therefore, retail spending is plunging. Reality is captured in this chart. Facts trump narrative every time.
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Just got off the phone with a client who was quoted 14k for some dental work, she is getting the same work done in Mexico for 3k. The pricing here is off the hook, until Trump does SOMETHING…ANYTHING to cap the cost/lower costs for healthcare we are royally screwed. These mega premiums are going to bust this country and YES we will blame Trump who said he was going to be the new sheriff in town.
Health care is a racket.
3K is a whole lot of a bunch more money in Mexico than it is in the United States.
I’m guessing the average working class Mexican will have about as much difficulty coming up with 3K as the average working class American has in coming up with 14K.
Then you have the additional problem of legal recourse with Mexican medical procedures if something goes significantly wrong that you don’t have with American work. Go to Mexico for your medical needs and you take a lot more risk than having it done here (If I were going out of country for medical help, my choice would be the Philippines).
Anon- My choice too but I don’t get in the middle of their decisions. You know the average person in the Philippines pays only $5 per month for healthcare? I could report later on how the dental work turns out if anyone is interested. If they share the info.
Even old KD pointed out that we could fly to Japan for medical services and save mega bucks over the US.
I’m not sure about the Texas border, since it is controlled by the drug-mafia but the California border is hopping with surgical shops and private medical care. Why else would anybody go to Mexicali (120 degrees in the shade)?
I agree with the outrageous medical and drug costs, but
Correlation is not Causation.
There are probably may factors that are involved with the Retail Sector ‘2017 daily’ chart being in a downhill pattern. Lack of decent paying jobs? Willful sending of our jobs overseas?
I look at charts every day and I dislike looking at just a Daily Chart (6 months in this case). Besides the other potential factors, you can have a Daily Chart showing a decline but the Weekly or Monthly or Yearly Chart showing an uptrend. Then, what is the trend?
Reminder to KoKo:
Trump assured he would bring jobs and manufacturing back to the US. Also there would be repeal and replace of Obamacare and lower tax rates. Save us from the moaning that CONgress doesn’t play fair.
If something is not done about these things O’ Gifted Chartmeister, you can kiss it all goodbye, we will be butt broke and broken as a country. Do you see a positive trend KoKo?
@Bea,
We’re only 5 months into his presidency. Even Steve Jobs looked like a disaster 5 months after he returned to Apple. I’m extremely disappointed with Trump, but refuse to abandon hope.
As far as the medical cost explosion, two words describe an immediate respite from it: Tort reform.
Edit: anonymous is Vodka
Specifically, what do you expect Trump to do without Congress doing their part and how do you expect him to do it?
The real purpose of Obama-Care was to make health insurance so expensive that it destroys commercial health care (except for the rich). Step two is supposed to be Socialized Medicine (except for the rich). Take you a glass of water, make it a Governmental Entitlement; see how good the water taste if you can get any at all (or are rich and can afford it on the Black Market).