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> [US healthcare] needs to be torn down and rebuilt from scratch... Here are some numbers, just to provide perspective: [1] The worst recession in recent hist
by old-gregg 7y ago
> [US healthcare] needs to be torn down and rebuilt from scratch...
Here are some numbers, just to provide perspective: [1]
The worst recession in recent history (2008-09) featured a drop of US GDP by -2.5%.
The US healthcare spending per capita is about twice as high than EU average.
US healthcare spending is about 17% of GDP.
Which means if we somehow manage to fix it and bring it to average European levels, that would represent a drop of -8.5% GDP
We haven't seen GDP drops like this since WW2.
So... I seriously doubt "rebuild from scratch" will work. We need a gradual, systematic cost cutting program spread over 10-15 years. And why aim at EU average? Let's make it the world's most efficient, while we're at it.
[1] quoting from memory, feel free to google & correct me
- Ididntdothis 7y ago"nd why aim at EU average? Let's make it the world's most efficient, while we're at it." Yes setting impossible goals from the start is a good way to be successful. Not.
- alpineidyll3 7y agoYou're confusing spending with production :P. This money would be spent elsewhere. Calling a number GDP is highly deceptive...