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The US spends over a trillion dollars on Social Security annually, plus I believe another $1.4 trillion or so once you add up both Medicare and Medicaid. (Fun f
by hash872 3y ago
The US spends over a trillion dollars on Social Security annually, plus I believe another $1.4 trillion or so once you add up both Medicare and Medicaid. (Fun fact no one knows, the US now spends more on healthcare for the elderly than the entire famous military budget). So that covers both pensions and healthcare (which are never free for anyone in any country, you obviously have to pay at some point). So once we factor in over 2 trillion dollars of annual US spending on pensions and healthcare, I doubt there's a huge difference there
- UtopiaPunk 3y agoThe USA spends more on healthcare per capita than many other countries, but our life expectancy and general health is worse than other high-income countries. https://www.commonwealthfund.org/publications/issue-briefs/2023/jan/us-health-care-global-perspective-2022 https://www.commonwealthfund.org/publications/issue-briefs/2...
- bryanlarsen 3y agoAnd US social security measures also significantly reduce the impact of inequality.