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I thought us had no public pension funds, only private ones ? Same goes for healthcare, etc. I agree with your point when talking about europe, but i had the f

by bsaul 2y ago

I thought us had no public pension funds, only private ones ? Same goes for healthcare, etc. I agree with your point when talking about europe, but i had the feeling US was much less dependant on population age to maintain its budget in check. No ?

inglor_cz 2y ago
AFAIK Medicare is already bigger than the military budget when it comes to federal finances. With an upward trend. In general, the US federal finance is less dependent on population age than Europe, but this may be offset by the insane healthcare costs over the pond. European doctors make peanuts compared to American ones.
- dartos 2y ago
  It’s not even doctor pay that causes the insane medical prices here. The whole system seems to have been built to ensure that patients get wringed and insurances make like bandits.
  - nytesky 2y ago
    For a lot of care you are getting NP or PA instead of doctors.
ianburrell 2y ago
The US has Social Security which is government pension fund for everyone. Social Security had a trust fund of US securities which it is now liquidating to pay for the retirement of the boomers. This is effectively converting Social Security debt to real debt. US has also Medicare and Medicaid which are healthcare for elderly and poor respectively.