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Just looking at GDP (in the US), medical expenses do account for more of GDP than housing; however, a lot of those medical expenses come from Medicaid & Medicar
by wjossey 8y ago
Just looking at GDP (in the US), medical expenses do account for more of GDP than housing; however, a lot of those medical expenses come from Medicaid & Medicare, and are not directly out of pocket. I'd love to try to find the % GDP of out of pocket / Premium expenses in the USA as a comparison.
I think you could make a clean argument it's a 1a / 1b sort of problem. Housing & healthcare are two of the most basic needs in a modern society, and both have systemic issues across much of the country.
- WillPostForFood 8y agoMedicare and Medicare costs may not be out of the recipients pocket, but they are paid out of someone’s pocket.
- maccam94 8y agoHowever, housing costs affect young people more than Medicaid/Medicare, and younger people contribute more to GDP than Medicaid/Medicare recipients. So, when talking about GDP growth, housing is likely much more significant.