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Isn't one of the selling points of universal healthcare that it's overall cheaper in total cost than private insurance? If so, the UK should be celebrated for h
by GenerWork 2y ago
Isn't one of the selling points of universal healthcare that it's overall cheaper in total cost than private insurance? If so, the UK should be celebrated for having such a low percentage of its GDP being spent on universal healthcare.
- mapt 2y agoWhy not reduce it to 1% and see what happens? It is possible for this class of approach to be cheaper, but also for this particular implementation to be spending too little.
- s1artibartfast 2y agoUK spends about 11% of GDP on healthcare This is comparable to France, Germany, and Switzerland, which spend ~12%, and less than the USA at 16% of GDP. Things get a little more interesting when you take the overall GDP of each country into account: Switzerland: 106K, ~$12K per capita USA: 85k, ~$13.5k per capita Germany $54K, $6.8k per capita UK: $51k, $5.8k per capita France: $47k, $5.8k per capita https://data.worldbank.org/indicator/SH.XPD.CHEX.GD.ZS https://data.worldbank.org/indicator/SH.XPD.CHEX.GD.ZS https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...
- Spooky23 2y agoThe issue is that the Britain is stagnating, so that percentage of GDP is growing slower than costs.