First, elderly healthcare is 34% of healthcare spending in the US (and healthcare is 16% of GDP) so it isn't be 20% of all economic activity in the US. And US h

First, elderly healthcare is 34% of healthcare spending in the US (and healthcare is 16% of GDP) so it isn't be 20% of all economic activity in the US. And US healthcare is very expensive compared to other countries. Second, seems to work in Europe and Japan (Japan has a very old pop and total healthcare spending is 8% of GDP). Maybe the US has the wrong healthcare system? :) Third, the welfare state is not only healthcare for the elderly.