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I have no doubt it would save money. But my point was that healthcare companies would no longer be seeing that 5.1 trillion dollars and as a result those compan
by Wheaties466 7y ago
I have no doubt it would save money. But my point was that healthcare companies would no longer be seeing that 5.1 trillion dollars and as a result those companies would lose value and tank the economy.
I just counted 62 Healthcare companies in the S&P 500. 5.1 trillion of lost revenue to those companies would be detrimental to the economy.
- ranie93 7y agoMy own back of the napkin calculation: 5.1T / 10 Years = .51T / Year Current US Stock Market Cap: 153% of 21T = 53T [0][1] .51T of 53T = 0.9% For reference; the 2000s bubble had the stock market decrease by 36% over 3 years, the 2008 bubble 45% over 2 years [0]. I'd say "tank the economy" is an overstatement. I'm glad to be shown otherwise _with sources_ [0]https://fred.stlouisfed.org/series/DDDM01USA156NWDB https://fred.stlouisfed.org/series/DDDM01USA156NWDB [1]https://fred.stlouisfed.org/series/GDP https://fred.stlouisfed.org/series/GDP
- Wheaties466 7y agoI'll be the first the admit this is an opinion i've completely come up with it by myself with no research or statistics to prove other wise.