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> Also, US healthcare eats up 16% of GDP, compared to ~10% in the UK and ~12% in France (source: Economist). Would you rather live in a country with $1M/person
by anamax 17y ago
> Also, US healthcare eats up 16% of GDP, compared to ~10% in the UK and ~12% in France (source: Economist).
Would you rather live in a country with $1M/person GDP that spends 50% on healthcare or one with $1K/person GDP that spends 5% on healthcare? Feel free to assume equal lifespans.
I ask because that difference in healthcare spending is dwarfed by the difference in after-tax income.
Also, the US spends a lot of money on things that those other countries don't, specifically obesity and "right before death" spending. The former can't be reduced with healthcare spending and the latter is a choice, albeit one that doesn't significantly affect lifespan. However, changing it is "treating grandma as shovel-ready".