Harriet Torry

speaker

611 appearances 11 recordings 1 series first heard Sep 2017 last heard Dec 2024

Harriet Torry’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Americans Are Paying More Than They Used to for Healthcare · 30 Dec 2024 podcast

Labour costs, of course, is one of them.

And then also you might just see a new treatment or a new technological advance, a new medication that comes out that is expensive, a new type of surgery that is complex and expensive.

And these things do sometimes add up to spending on health care.

Labor costs are a big part of that.

But there are many other things that go into health care spending, including, as we mentioned, consolidation in various industries, complex health insurance, and so on.

All around, it's a large share of what people spend every month.

They are expected to keep growing.

The report that we got from the government about health care spending suggested that the health care spending as a share of GDP has not shifted that much.

But there have been a lot of distortions because of the pandemic.

You know, there was a huge amount of federal funding that came into play during the years of the pandemic, which has largely expired.

So it is expected that an aging population, people getting older and older people tend to have more health complications and traditional economic drivers are expected to lead to the return of healthcare accounting for a larger share of GDP.

This comes back to the debate and the way that people feel about healthcare spending, that it constantly goes up.

But when people talk about healthcare spending, economists say that they're often looking at the price.

But really, healthcare depends so much on how much you consume, how much you spend is related to how much you actually need healthcare, the price multiplied by the quantity of care.

It's not just about necessarily what your premium is every month.

It's how much health care you end up consuming, because, of course, that adds a lot more costs and copays and deductibles and expenses and so on that makes everything more complex and potentially much more expensive.

WSJ Your Money Briefing · Child Care Will Be on the Ballot in Several U.S. States · 31 Oct 2024 podcast

The broader economic picture is that a lack of affordable child care is just keeping people out of the workforce, and that is stopping the economy from growing locally.

It's a little different in every place.

These are initiatives that are taking place at local levels.

So for instance, in Travis County in Texas, which is the county that most of Austin falls into, they are proposing an increase in property taxes of two and a half cents per $100 valuations.

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