State Bank 2009 Final
25
aggert J. Brooks, PhD ssociate Professor of Economics niversity of Wisconsin-La Crosse Concierge Banking Reception
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Transcript of State Bank 2009 Final
Taggert J. Brooks, PhDAssociate Professor of EconomicsUniversity of Wisconsin-La Crosse
Concierge Banking Reception
I’ll pretend to know, but I probably don’t. And the views expressed today might be my own, but they probably do not reflect the views of the sponsors, my employer, or my parents.
Disclaimer:
“Man-Cession”
The Gender Effects of Recessions
Jan-48 Jan-55 Jan-62 Jan-69 Jan-76 Jan-83 Jan-90 Jan-97 Jan-04-4
-3
-2
-1
0
1
2
3
4 Male Unemployment Rate - Female Uenmployment Rate
1981 1991 2001 2007
-7.0%
-6.0%
-5.0%
-4.0%
-3.0%
-2.0%
-1.0%
0.0%
1.0%
Recession
Male Cumulative Job LossFemale Cumulative Job Loss
Health Care
The “problems” and their local impact
Improve it
Makie it Worse
Have No Ef-fect
Unsure
- 10.0 20.0 30.0 40.0 50.0 60.0
Increased Gov't Involvement in Healthcare Will...
*Source: htttp://www.pollingreport.com/health.htm
National*7 Rivers
Increase
Decrease
Remain the Same
Unsure
- 10.0 20.0 30.0 40.0 50.0 60.0 70.0
The Amount You Will Pay For Medical Care Will...
*Source: htttp://www.pollingreport.com/health.htm
National*7 Rivers
Myth
Businesses are less competitive because of the burden of health care.
1960
1965
1970
1975
1980
1985
1990
1995
2000
National Compensation Measures as a Share of GDP, NIPA 1960-2006
Source: Kaiser Family Foundation analysis of data from the U.S. Department of Commerce, Bureau of Economic Analysis, National Income and Product Accounts, 1960-2006, Tables 1.1.5, 2.1, 6.11B, 6.11C, &
6.11D, 2008.
2006
Wages
Other Fringe Benefits and Payroll Taxes
51.8%
Private Group Health Insurance
0.6%
3.8%
45.6%
4.1%
6.7%
56.3% of GDP
56.4% of GDP
Myth
Costs are rising more rapidly than other countries.
KoreaIrelandPoland
NorwayGreece
United KingdomSpain
Czech RepublicAustriaMexico
NetherlandsBelgium
United StatesNew Zealand
FranceJapan
DenmarkCanada
SwitzerlandSwedenFinland
GermanyItaly
Iceland
0 1 2 3 4 5 6 7 8 9 10
1990-2007 Average annual % change in total health expenditure per capita, $PPP (OECD)
“If something can't go on forever, it won't.“
~Herb Stein
Problem
US has highest per capita health spending
United StatesFrance
SwitzerlandGermanyBelgiumAustriaCanada
DenmarkNetherlands
GreeceIceland
New ZealandSwedenNorway
ItalySpainUnited
KingdomFinlandSlovak RepublicIrelandHungaryCzech RepublicKorea
PolandMexico
0 2 4 6 8 10 12 14 16 18
Total Health Expenditure as a % of GDP
High Income
High Dispersion of Health Insurance “Incentives”
High Technology
Explanations
$10,000 $20,000 $30,000 $40,000 $50,000$0
$2,000
$4,000
$6,000
$8,000
GDP Per Capita $PPP
To
tal
exp
en
dit
. o
n h
ea
lth
/ca
pit
a,
$
PPP France
US
Korea
$10,000 $20,000 $30,000 $40,000 $50,000$0
$2,000
$4,000
$6,000
$8,000
GDP Per Capita $PPP
To
tal
exp
en
dit
. o
n h
ea
lth
/ca
pit
a,
$
PPP France
US
Korea
None of the proposals will address these issues. Expect expenditures to increase.
Local Impact
Long Term Fiscal Problems
Medicare and Social Security.
