3 ms·
"There’s no precedent in American history". Plenty of precedent in the rest of the world ... In fact, you'll have to go looking to find western countries that
by drpixie 8y ago
"There’s no precedent in American history".
Plenty of precedent in the rest of the world ... In fact, you'll have to go looking to find western countries that don't have universal public healthcare.
- techbio 8y agoThe quote in the headline appeared to mean what you responded to, but a few paragraphs into the article it was plain they were talking about the unprecedented scale of the private health insurance industry, at about $1,000,000,000,000/yr revenues (a trillion, a lot bigger than the defense budget), largely owned by institutional investors and mutual funds, ie. people with retirement plans. I would tend to believe unprecedented is the correct term for nationalizing an industry of this scale. Of course, it is also unprecedented to spend this much on health care.