You may not realize it, but the U.S. currently has a doctor shortage.
Not only doctors, but nurses, dentists and eye doctors too. And it’s going to get worse. And as with all shortages, prices for visits to the doctor’s office will increase as well as the cost of health insurance.
Current Population & Projected Trends
The current population is about 316 million. That includes approximately 46 million seniors; that’s projected to be about 83 million seniors in 2030.
The Census Bureau projects that the U.S. will have 438 million people by 2050 after factoring in births, deaths, and immigration.
Currently, the U.S. has 954,000 physicians. For a current population of 316 million, that works out to 331 patients for each doctor. But the real ratio is spread out very unevenly.
Continue reading The Case for a 21st Century New Deal: Adding 4.5 Million Doctors and Nurses
People consider the Great Depression (1929-1941) to be the only economic depression the US has ever had, but it’s the one where we still have living survivors and a great deal of history recorded about it so that we can benchmark current economic situations to it. There are six other depressions on record in the US since 1789:
- 1837-1844 (the Long Depression)
There have been 47 recessions on record since 1790. What the MSM (mainstream media) and politicians call The Great Recession of today is actually another Long Depression with unemployment reaching Great Depression levels.
Realistically, unemployment for June 2013 was 23.4% and for July 2013 it was 23.3% according to economist John Williams’ Shadow Government Stats website; he calls the government’s official jobs report and unemployment rate “nonsense” (btw, he reports that April & May 2013 were both at 23% unemployment).
Continue reading What a 21st Century New Deal Would Look Like