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Seminar:  The Economic Recovery and It’s Local Impact<br />Taggert J. Brooks, PhD<br />Associate Professor of Economics<br...
Disclaimer:<br />I’ll pretend to know, but I probably don’t.  The views expressed today might be my own, however they prob...
Began late summer 2009<br />Expect it to be slow.<br />The Recovery<br />
The Gender Effects of Recessions  <br />“Man-cession”<br />
Public perception of reform<br />Health Care Reform<br />
The “problems” and their local impact  <br />Health Care Reform<br />
Myth<br />Businesses are less competitive because of the burden of health care.  <br />
National Compensation Measures as a Share of GDP, NIPA 1960-2006<br />Private Group Health Insurance<br />56.4% of GDP<br ...
Myth<br />Costs are rising more rapidly than other countries.  <br />
“If something can't go on forever, it won't.“<br />	~Herb Stein<br />
Problem<br />US has highest per capita health spending  <br />
Economic Explanations<br />High Income<br />High Dispersion of Health Insurance <br />	aka “Incentives”<br />High Technolo...
Local Impact<br />None of the proposals will address these issues. Expect expenditures to increase. <br />
Long Term Fiscal Problems<br />Medicare and Social Security. <br />
Merchants 2010 Final
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Merchants 2010 Final

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Merchants 2010 Final

  1. 1. Seminar: The Economic Recovery and It’s Local Impact<br />Taggert J. Brooks, PhD<br />Associate Professor of Economics<br />University of Wisconsin-La Crosse<br />
  2. 2. Disclaimer:<br />I’ll pretend to know, but I probably don’t. The views expressed today might be my own, however they probably do not reflect the views of the sponsors, my employer, or my parents.<br />
  3. 3. Began late summer 2009<br />Expect it to be slow.<br />The Recovery<br />
  4. 4.
  5. 5.
  6. 6.
  7. 7.
  8. 8.
  9. 9.
  10. 10.
  11. 11.
  12. 12.
  13. 13. The Gender Effects of Recessions <br />“Man-cession”<br />
  14. 14.
  15. 15.
  16. 16.
  17. 17.
  18. 18.
  19. 19.
  20. 20. Public perception of reform<br />Health Care Reform<br />
  21. 21.
  22. 22.
  23. 23. The “problems” and their local impact <br />Health Care Reform<br />
  24. 24. Myth<br />Businesses are less competitive because of the burden of health care. <br />
  25. 25. National Compensation Measures as a Share of GDP, NIPA 1960-2006<br />Private Group Health Insurance<br />56.4% of GDP<br />56.3% of GDP<br />Other Fringe Benefits and Payroll Taxes<br />3.8%<br />6.7%<br />0.6%<br />4.1%<br />Wages<br />51.8%<br />45.6%<br />2006<br />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.<br />
  26. 26. Myth<br />Costs are rising more rapidly than other countries. <br />
  27. 27.
  28. 28. “If something can't go on forever, it won't.“<br /> ~Herb Stein<br />
  29. 29. Problem<br />US has highest per capita health spending <br />
  30. 30.
  31. 31.
  32. 32.
  33. 33. Economic Explanations<br />High Income<br />High Dispersion of Health Insurance <br /> aka “Incentives”<br />High Technology<br />
  34. 34.
  35. 35.
  36. 36. Local Impact<br />None of the proposals will address these issues. Expect expenditures to increase. <br />
  37. 37.
  38. 38. Long Term Fiscal Problems<br />Medicare and Social Security. <br />

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