4 ms·
Honestly, at this point, it feels like the whole US insurance system is run by and for the insurance companies. People, of course, never got much out of it - an
by Yawrehto 2y ago
Honestly, at this point, it feels like the whole US insurance system is run by and for the insurance companies. People, of course, never got much out of it - and it would be cheaper for the government to adopt Sweden's system. I did some calculations once, and if you take Sweden, they spend in total per person four times less than the US government (Medicare and Medicaid alone) does per person (at least in 2022).[1][2][3][4].*
It's somewhere on my "things there has to be a super powerful lobbying group for because no one benefits from this" list, along with the continued existence of the penny.
*The government spent 1750 billion dollars on Medicare and Medicaid. It could have spent about 440. That gap of 1.310 trillion dollars is the vast majority of the US deficit[5]
Sources
[1]: Swedish government spending: https://sweden.se/life/society/healthcare-in-sweden https://sweden.se/life/society/healthcare-in-sweden
[2]: US government spending: https://www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/nhe-fact-sheet https://www.cms.gov/data-research/statistics-trends-and-repo...
[3]: Currency converter: https://measuringworth.com/datasets/exchangeglobal/ https://measuringworth.com/datasets/exchangeglobal/
[4]: Population: The graph that pops up when you search on Google for Sweden population and US population.
[5]: https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/#us-deficit-by-year https://fiscaldata.treasury.gov/americas-finance-guide/natio...