We could be in danger of a healthcare bubble occurring, similar to what we saw in housing that led to the Great Recession in 2008.
Healthcare spending is forecast to grow by an average of 5.6 percent each year over the next decade, outpacing U.S. gross domestic product growth by 1.2 percent. Roger Abramson with Ameriflex is concerned we could see that bubble burst.
“Those are the kinds of combination of things that do result on occasion in a bubble like you saw with the housing bubble,” Abramson told KTRH News.
And he says if the predictions are true, it will impact everyone, and that impact will be bigger and more negative than you think.
“It will affect folks across the board. It is avoidable, but it could be huge,” Abramson stated.
In the meantime reports say President Trump doesn’t have enough votes to pass their health care bill, and that there may not be a vote before Congress goes on a week-long break Friday.