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I thought to myself: no way can this be true. The US generates $21tr a year[1]. How can medical be $2.1tr a year? …turns out, it’s $2.7tr!!! [2] [1]www.tradin

I thought to myself: no way can this be true. The US generates $21tr a year[1]. How can medical be $2.1tr a year? …turns out, it’s $2.7tr!!! [2] [1]www.tradingeconomics.com [2]https://www.statista.com/study/15826/health-care-and-social-assistance-in-the-us/ https://www.statista.com/study/15826/health-care-and-social-...

vasco 5y ago
20% https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/NationalHealthAccountsHistorical#:~:text=U.S.%20health%20care%20spending%20grew,spending%20accounted%20for%2019.7%20percent https://www.cms.gov/Research-Statistics-Data-and-Systems/Sta....
- FredPret 5y ago
  Absolutely bonkers. One of every five dollars goes to healthcare. To put this further into perspective: the US military budget is immense, as we know… and it clocks in at 3.7% of GDP [1] [1] https://www.statista.com/statistics/266892/military-expenditure-as-percentage-of-gdp-in-highest-spending-countries/ https://www.statista.com/statistics/266892/military-expendit...
  - philjohn 5y ago
    To put it even further into perspective, that's 2x as much as comparable western nations with single-payer, who have similar or better outcomes in most cases.
oblio 5y ago
Why do you think nobody important (politicians, primarily) is really trying to solve those major healthcare problems? If politicians are willing to pork and barrel over a random soy farm employing 2000 people, for sure they're not going to throw away, say, 5% of the US GDP and possibly 5% of all employment in the US. I don't know how you're going to get out of it... [1] "There were 22 million workers in the health care industry, one of the largest and fastest-growing sectors in the United States that accounts for 14% of all U.S. workers, according to the Census Bureau’s 2019 American Community Survey (ACS)." https://www.census.gov/library/stories/2021/04/who-are-our-health-care-workers.html https://www.census.gov/library/stories/2021/04/who-are-our-h...
Spooky23 5y ago
We have this health system to avoid taxes, but this crazy US system probably costs 97-98% of Americans pay more for health stuff than all of their actual taxes combined.

vasco 5y ago

20% https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/NationalHealthAccountsHistorical#:~:text=U.S.%20health%20care%20spending%20grew,spending%20accounted%20for%2019.7%20percent https://www.cms.gov/Research-Statistics-Data-and-Systems/Sta....

FredPret 5y ago
Absolutely bonkers. One of every five dollars goes to healthcare. To put this further into perspective: the US military budget is immense, as we know… and it clocks in at 3.7% of GDP [1] [1] https://www.statista.com/statistics/266892/military-expenditure-as-percentage-of-gdp-in-highest-spending-countries/ https://www.statista.com/statistics/266892/military-expendit...
- philjohn 5y ago
  To put it even further into perspective, that's 2x as much as comparable western nations with single-payer, who have similar or better outcomes in most cases.

oblio 5y ago

Why do you think nobody important (politicians, primarily) is really trying to solve those major healthcare problems? If politicians are willing to pork and barrel over a random soy farm employing 2000 people, for sure they're not going to throw away, say, 5% of the US GDP and possibly 5% of all employment in the US. I don't know how you're going to get out of it... [1] "There were 22 million workers in the health care industry, one of the largest and fastest-growing sectors in the United States that accounts for 14% of all U.S. workers, according to the Census Bureau’s 2019 American Community Survey (ACS)." https://www.census.gov/library/stories/2021/04/who-are-our-health-care-workers.html https://www.census.gov/library/stories/2021/04/who-are-our-h...

Spooky23 5y ago

We have this health system to avoid taxes, but this crazy US system probably costs 97-98% of Americans pay more for health stuff than all of their actual taxes combined.