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America as a whole? Social Security, Medicare, Medicaid are 3 mandatory spending programs that make up ~45% of gov't spending. Defense makes up ~15% and is disc

by gravy 8y ago

America as a whole? Social Security, Medicare, Medicaid are 3 mandatory spending programs that make up ~45% of gov't spending. Defense makes up ~15% and is discretionary (albeit also globally projected, though most of which goes to paying soldiers and maintenance/operational costs). [0] New York? Mostly on healthcare (~22%) and education (~31%). [1] [0] https://upload.wikimedia.org/wikipedia/commons/thumb/e/e1/CBO_Infographic_2016.png/1280px-CBO_Infographic_2016.png https://upload.wikimedia.org/wikipedia/commons/thumb/e/e1/CB... [1] https://openbudget.ny.gov/overview.html https://openbudget.ny.gov/overview.html

refurb 8y ago
One interesting thing I didn't know is that the US social security payments (old age pension) is much more generous than in Canada. Even with fully contributions, the maximum you can receive in Canada is $1,100 per month. In the US, it's $2,800 per month. The US program is much larger than in Canada.
- stevenwoo 8y ago
  Correct me if I'm wrong but I thought the amount you get in the USA is related to a.) how much you put in b.) how old you are when you elect to start receiving benefits. I am not familiar with the Canadian system - does it differ in this respect?
  - sonnyblarney 8y ago
    Canadian system is somewhat similar but with smaller cap.
sonnyblarney 8y ago
The US spends more on public healthcare on a per capita basis than we do in Canada, and for that we get full coverage for everyone - the US only gets Medicare/Medicaid and some vet stuff. Technically speaking the US could wipe out all private healthcare spending, reduce public spending on healthcare and still have enough over to cover everyone with 'adequate' care. Granted, it wouldn't be up to par for what many Americans expect. Americans pay about 2x for services rendered, though often they are better, they are not 2x better. That said, someone who only has to wait 6 weeks for a hip replacement may consider wanting to pay 2x as opposed to waiting 15 months, as they might have to here in Canada.
- gravy 8y ago
  I mean, if you divide the population of the US by 10 then we'd probably get full, above-average coverage for everyone too. ETA: Maybe not, given less tax revenue and all. The US healthcare system has a lot of waste and bureaucracy after all.

by gravy 8y ago

refurb 8y ago

One interesting thing I didn't know is that the US social security payments (old age pension) is much more generous than in Canada. Even with fully contributions, the maximum you can receive in Canada is $1,100 per month. In the US, it's $2,800 per month. The US program is much larger than in Canada.

stevenwoo 8y ago
Correct me if I'm wrong but I thought the amount you get in the USA is related to a.) how much you put in b.) how old you are when you elect to start receiving benefits. I am not familiar with the Canadian system - does it differ in this respect?
- sonnyblarney 8y ago
  Canadian system is somewhat similar but with smaller cap.

sonnyblarney 8y ago

The US spends more on public healthcare on a per capita basis than we do in Canada, and for that we get full coverage for everyone - the US only gets Medicare/Medicaid and some vet stuff. Technically speaking the US could wipe out all private healthcare spending, reduce public spending on healthcare and still have enough over to cover everyone with 'adequate' care. Granted, it wouldn't be up to par for what many Americans expect. Americans pay about 2x for services rendered, though often they are better, they are not 2x better. That said, someone who only has to wait 6 weeks for a hip replacement may consider wanting to pay 2x as opposed to waiting 15 months, as they might have to here in Canada.

gravy 8y ago
I mean, if you divide the population of the US by 10 then we'd probably get full, above-average coverage for everyone too. ETA: Maybe not, given less tax revenue and all. The US healthcare system has a lot of waste and bureaucracy after all.