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That's a red herring, just take a look at some budget breakdowns: https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/ https://www.nat
by gshulegaard 10y ago
That's a red herring, just take a look at some budget breakdowns:
https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/ https://www.nationalpriorities.org/budget-basics/federal-bud...
The largest portion of our budget is mandatory spending (~65%). Of our mandatory spending, the largest portion of that is spent on Social Services (Social security, medicare and health, etc) and yet we still have worse services than almost any other western country (IMO).
You start looking at percentages and an even more sinister picture starts to take shape:
https://visualeconomics.creditloan.com/how-countries-spend-their-money/ https://visualeconomics.creditloan.com/how-countries-spend-t...
> "Canada spends 6.3 percent of its total yearly budget on military spending. The United States spends 19.3 percent of its budget on military expenses. Mexico uses 3.3 percent of its budget for military spending."
> "Canada spends 17.9 percent of its total yearly budget on health care. The United States spends 19.3 percent of its budget on health care expenses. Mexico uses 11.8 percent of its budget for health care."
> "Norway spends 17.9 percent of its budget on health care spending, while its neighbor Sweden spends 13.8 percent of its budget on health care."
> "In France, health care spending is 16.7 percent of Frances yearly budget."
This article needs citation, but see this report that seems to at least tangentially support some of the trends voiced:
http://www.oecd.org/els/health-systems/Briefing-Note-NORWAY-2014.pdf http://www.oecd.org/els/health-systems/Briefing-Note-NORWAY-...
> "The United States is, by far, the country that spends the most on health as a share
of its economy (with 16.9% of its GDP allocated to health in 2012)"
So at this point we can conclude that the US spends roughly the same share, or more, of it's GDP on Health care as other countries...even those "socialist" ones...yet we have a much worse standard/level/cost of care.
Even at our "lower" tax rates our GDP is by far and away the largest:
https://www.google.com/search?q=list+of+countries+by+GDP&oq=list+of+countries+by+GDP&aqs=chrome..69i57j69i60.2534j0j7&sourceid=chrome&ie=UTF-8 https://www.google.com/search?q=list+of+countries+by+GDP&oq=...
But moreover, our PER CAPITA GDP is one of the highest in the world (higher than Norway and Sweden).
So at the end of the day, America:
* Spends more on healthcare in flat dollar terms than almost any other nation
* Spends more on healthcare PER CAPITA than almost any other nation
and yet we still have far worse levels of care.
So this problem has nothing to do with economic or tax policy in the US. The question is: Where is the enormous sums of money we are ALREADY pouring into the system going?
- WalterSear 10y ago>So this problem has nothing to do with economic or tax policy in the US. The question is: Where is the enormous sums of money we are ALREADY pouring into the system going? The pockets of the oligarchy represented by Clinton and Trump.
- thebspatrol 10y agoYou're fronting the overhead of medical R&D, which the US is doing the bulk of. Still kind of ridiculous that the amount we spend still amounts to most of the population getting shafted.
- gshulegaard 10y agoAre we? > ...industry supplies the bulk of the funds devoted to research and development, the public sector—primarily the National Institutes of Health (NIH)—supports most of the nation’s basic biomedical research. http://content.healthaffairs.org/content/30/2/332.full http://content.healthaffairs.org/content/30/2/332.full This quote seems to indicate the majority of R&D is coming out of the private sector. Moreover, this overhead of medical R&D from the public sector doesn't explain price differences in drugs between US and other developed nations: http://usuncut.com/news/us-drug-prices-in-the-us-are-literally-insane-when-compared-to-other-nations/ http://usuncut.com/news/us-drug-prices-in-the-us-are-literal... http://www.wsj.com/articles/why-the-u-s-pays-more-than-other-countries-for-drugs-1448939481 http://www.wsj.com/articles/why-the-u-s-pays-more-than-other... There are deeper, systemic issues IMO.
- RcouF1uZ4gsC 10y agoI wonder what would happen if the U.S. passed a law requiring that drug prices in the U.S. be no higher than anywhere else in the world. That is the drug company is free to set any price, but they cannot sell at a lower price outside the U.S.
- bmelton 10y agoWouldn't it be dramatically easier to just allow Americans to buy their drugs from other first world countries at the prices they pay? If American drug companies have to compete with extra-national pricing, I'm guessing they'll figure out a way to. On top of that, you're not forcing anybody to do anything.