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> The healthcare budget is a rather small part of the total government budget, a small increase is probably to small to register on the radar. According to the
by dahfizz 7y ago
> The healthcare budget is a rather small part of the total government budget, a small increase is probably to small to register on the radar.
According to the commonwealth fund[1], Germany spends over 10% of its GDP on providing health insurance. This insurance is funded by a tax on income.
If GDP contracts, and there are less income earners, this can become a very large part of the budget which would require cutting other programs. Obviously healthcare would be a priority. But in a country where people rely heavily on their government, cutting out social programs will really hurt.
> Tax income is already way below spending. Countries are going deeper and deeper in debt every year.
This is what I am concerned about. Governments fund their debt by selling bonds. In the USA, roughly 70% of the federal debt is in the form of bonds held by the public. If people stop buying bonds (because their returns are awful right now, or because people have much less income to be investing), then the governments of the world cannot continue to operate the way they have been.
[1] https://international.commonwealthfund.org/countries/germany/ https://international.commonwealthfund.org/countries/germany...