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And people still say we need less regulations.
by xenospn 7y ago
And people still say we need less regulations.
- andrei_says_ 7y agoPropaganda works. People repeat soundbites drilled into their brains by ceaseless repetition.
- deleted 7y ago[deleted]
- baroffoos 7y agoFunny how easy it is for the rich to convince people to work against their best interests.
- kortilla 7y agoThis is one of those sound bites ^! Has it ever occurred to you that some people think complaining about the existence of rich people is not an issue that needs to be “solved” by risking the destruction of an economy that encourages innovation?
- dd36 7y agoYa, the same way Medicare and SS ruined it. What if, instead, security nets amplified risk taking given American culture? I’m told that New Zealand has a huge extreme sport industry because of its generous medical system.
- sitkack 7y agoIf we had strong single-payer, we would see a 100 fold increase in startups. And these startups would self funded and creatively bootstrapped. Without the burden and complexity of securing private health insurance, anyone with a couple months rent saved up could try starting a business. We'd probably even see old people do it. Speaking of which, I'd love to see the temporal evolution of a histogram of ages of founders of all the IPOs in a given year. In a good economy, I bet it would be a fixed density across the spectrum, in an ok economy it might be bimodal and in a poor economy it would be a single peak.
- luckylion 7y ago> Without the burden and complexity of securing private health insurance, anyone with a couple months rent saved up could try starting a business. How expensive is private health insurance in the US? I've seen numbers as low as $6k a year, but from your post it sounds more like $20k a year. I doubt that it would massively increase the amount of startups. We have all that (and more) in Germany, and you don't see companies popping up everywhere, and the ones that are founded are mostly copy cats.
- lotsofpulp 7y agoAt a minimum, for the healthiest young males, health insurance premiums are at least $300 per month with a $3.5k deductible. Older people are in the $600 or more range per month. I would budget $500 per person per month with a $7.5k deductible for a family.
- luckylion 7y agoThanks, that's about the same as private health insurance in Germany, with slightly lower premiums and higher deductibles (1000€ is common here). Are those regionally different? I understand that rent is much more expensive than this in sought after areas.
- 0xfeba 7y ago> Are those regionally different? Perhaps, but I think most of the difference is between healthcare provider plans. In other words, depends on who employs you.
- lotsofpulp 7y agoThat’s two separate factors. Different insurance plans have different contracted providers, and different employers subsidize different portions of their employee’s health insurance premiums. Some employers might subsidize 50%, some 80%, some $100, etc. I was referring to the cost of insuring someone, regardless of who is paying. I’ve compared costs on healthcare.gov to employer based options in a few states, and they’re not far off from each other unless the employer has many younger employees and few old employees.
- ajayh 7y ago> I’m told that New Zealand has a huge extreme sport industry because of its generous medical system. Many countries have a generous medical system. No, it is due to their injury compensation laws.
- deleted 7y ago[deleted]
- username90 7y agoActually I think you do. Compare these two systems: European style welfare: Big government which takes care of people so companies don't have to. American style welfare: Small government which doesn't take care of people, but lots of regulations on companies forcing them to provide welfare normally provided by government.