- 10,748
Your email sounds like scare tactics not grounded in any facts or reality.
The Fed is talking about lowering interest rates. The Fed has already lowered interest rates multiple times the past 6 months.
Does anyone know if Trump has a plan to replace Obamacare yet?
- Thread starter Fisher
- Start date
Your email sounds like scare tactics not grounded in any facts or reality.
The Fed is talking about lowering interest rates. The Fed has already lowered interest rates multiple times the past 6 months.
Health care, and insurance premiums, have increased significantly in the last 2 years due to increased utilization . . . cause by COVID lockdowns. Barring something else incredibly stupid, utilization shoudl calm down over the next year or two.
Increased copays, deductibles and MOOP won't blunt demand but it will shift more cost to the patient which will help to temper premium increases.
Tariffs, particularly those imposed on China, will impact generic drug prices. How much is left to be seen. Perhaps some of the manufacturing will shift to other countries like India, Turkey, etc and could offset price increases and reduced production from China.
And not just drugs, medical equipment, DME manufacturing, etc. could also shift to other countries not named China.
Current is 6.5 for 30 mortgage
I got 6.2 in Jan , and I was told the fed would lower rates and I can refinance later in the year
Yet now is higher then what I got
I had 2.4 previously
- 10,748
Yeah. Savings rates have done the same. The street does not believe the Fed can keep them low or will lower more.
But the truth is that nobody knows.
The Fed says they will lower more.
Trump says his new Fed chief once appointed will lower them more.
(he wants to replace him immediately but cant)
Aside from a major economic collapse, I dont see how they will not go back down. Im telling clients to lock in savings rates now, because we are at a 25-30 year high... and our government is telling us its going back down.
And none of it is partisan. It is what it is what it is.
Im loving the high rates right now professionally. I hate them personally.
I dont either
All I am saying is things were better under Trump by far
But the damage done in the last 4 years, of treating the country as a fire sale, I don't expect it to be undone
and clearly there is some desperation to plunge us deeper as recent events shown in Ukraine has shown
If that goes any further there is no coming back
we are in a new interest rate super cycle. We wont see interest rates in the 2-3 range again for another 40-50 years, regardless of who is president.
High interest rates are not necessarily a bad thing. There are plenty of examples when the economy has been strong with high interest rates. people have just been spoiled with artificially low rates
6.5% is not good and the housing market in is big trouble because of it
4.5% would change things drastically
I'm not saying there wont be periods when interest rates will dip some over the next few decades. There will be. But just like when the stock market pulls back a bit in a bull rally, the dip will be relatively short lived.
There's been a fundamental change in debt yields, and it will take decades to sort out. High housing prices or not, high yields are here to stay.
The entire set of problems are made worse by the for profit ownership of so many of the hospital systems, clinic systems, etc. When a big chunk of the profits have to go to the shareholders rather than be sunk back into the medical facility/system that creates a number of issues that also drives costs up. Venture Capital involvement also creates issues. Typically they buy something, cut costs, maybe improve a few things here or there, then sell (they make their money when they sell). Whomever buys usually then has bought primarily with loans and so now have those to pay on top of everything else. They hope they will come out ahead in the end, meanwhile that drives up costs as well.
And yes there are a bunch of other reasons, many of them already mentioned, that have in the past or will in the future drive up costs as well.
the single biggest distorter of costs in the healthcare sector is Medicare/Medicaid. Anyone who "forgets" to mention the single biggest payor/distorter is not trying to have an honest conversation.
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