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I like the free market. However, when something has completely inelastic demand and the people most in need of your product is not your target group (as in, sic
by pimmen 9y ago
I like the free market. However, when something has completely inelastic demand and the people most in need of your product is not your target group (as in, sick people often have problems making ends meet, since they're sick and all) and the economy as a whole is far better off if everyone got the benefits of the system, I think it's super bad to use the free market.
In the US, you spend 17% of your GDP on healthcare, in Sweden we spend 11%. The US has a lower life expectancy, lower survival rate for most heart diseases and types of cancer and has healthcare bills as the leading cause for bankruptcy. It could just be me, but it looks like universal healthcare systems in the Nordic model runs circles around the US system based on all the relevant metrics.
http://www.scb.se/en/finding-statistics/statistics-by-subject-area/national-accounts/national-accounts/system-of-health-accounts-sha/pong/statistical-news/system-of-health-accounts-/ http://www.scb.se/en/finding-statistics/statistics-by-subjec...
http://www.who.int/gho/mortality_burden_disease/en/ http://www.who.int/gho/mortality_burden_disease/en/