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> What’s growing is spending on Social Security, Medicare, and Medicaid. As you can see in the above chart, the CBO sees spending on “major health care programs
by BadHumans 2y ago
> What’s growing is spending on Social Security, Medicare, and Medicaid. As you can see in the above chart, the CBO sees spending on “major health care programs” (including Medicare, Medicaid, and Obamacare subsidies) growing from 6.3 percent of GDP in 2024 to 9.8 percent of GDP in 2054; Social Security is set to grow from 5.2 percent of GDP in 2024 to 5.9 percent of GDP in 2054.
The US refuses to do many things that would save it money in the long run. Complete universal healthcare would save money and would enable more entrepreneurs as the US claims to love small business. Mitt Romney knows this and that is why Massachusetts has the best Medicaid coverage and why he wanted to take his Massachusetts plan to the federal level.
- WalterBright 2y ago> Complete universal healthcare would save money Health care costs were far, far lower when the US had a free market healthcare system (before WW2). The more the government took control of it, the more it cost.
- jjk166 2y agoI imagine that has more to do with penicillin being the peak of medical technology at the time. Presumably you don't credit government interference with boosting life expectancy by 15 years.
- WalterBright 2y agoThe cost of medical interventions that the government doesn't pay for has declined over the years - like Lasik eye surgery.
- deleted 2y ago[deleted]
- throw0101d 2y ago> The more the government took control of it, the more it cost. The US still has a free market system, both in insurance and treatment. The government only controls VA and Medicare, and those are cheaper to run: * https://www.citizen.org/news/fact-check-medicare-for-all-would-save-the-u-s-trillions-public-option-would-leave-millions-uninsured-not-garner-savings/ https://www.citizen.org/news/fact-check-medicare-for-all-wou... And many other countries do have government-run healthcare (including just north of the border in Canada), and they spend less per capita and have better life expectancy: * https://en.wikipedia.org/wiki/List_of_countries_by_total_health_expenditure_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_total_hea... See also infant and maternal mortality rates: * https://en.wikipedia.org/wiki/List_of_countries_by_infant_and_under-five_mortality_rates https://en.wikipedia.org/wiki/List_of_countries_by_infant_an... * https://en.wikipedia.org/wiki/List_of_countries_by_maternal_mortality_ratio https://en.wikipedia.org/wiki/List_of_countries_by_maternal_...
- resource_waste 2y agoUS Healthcare is no free market. Physicians control the supply through the AMA's child organization: ACGME. The ACGME is private, unelected, and decides how many new doctors we get every year. They even have the nerve to claim the limit is because they need Tax dollars to pay for their own grad school.
- resource_waste 2y agoI'm not sure Medicaid is a great example. Our clinic wouldnt be sustainable under Medicaid. For 1 hour of Physical Therapy doctor services, it pays $40-$55. I'm not sure how to pay for the building, note software, or scheduling.