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> we use our taxes to ... sick ... disease The US pays as much in tax for nationally provided healthcare as % of GDP as does most of the OECD. The difference i
by ChrisLomont 8y ago
> we use our taxes to ... sick ... disease
The US pays as much in tax for nationally provided healthcare as % of GDP as does most of the OECD. The difference is healthcare costs twice as much here, so the govt ends up paying about half the cost through taxes.
For example, Sweden pays ~$5500 (PPP) per capita. US spends ~$10,209. US Medicare and Medicaid paid out about $1.3T, private healthcare paid about $1.2T.
So we're paying the same tax towards healthcare as most of the OECD. The healthcare angle is not the difference in taxation between the countries. The underlying costs are the difference, represented at every level here, from nurse and doctor salaries to drug costs to administrative costs to legislative costs.
- pimmen 8y agoI also mentioned day care, I could go on beyond medical expenses if you'd like? Elderly care, fully funded schools (students get meals, books, you name it), paid parental leave, safety net if you get laid off... lots of stuff.