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Our GDP would take a really bad hit if we stopped wasting 10+% of it overpaying for healthcare (a white-collar make-work jobs program—like, god, couldn't we jus
by slipperydippery 1y ago
Our GDP would take a really bad hit if we stopped wasting 10+% of it overpaying for healthcare (a white-collar make-work jobs program—like, god, couldn't we just start up the CCC again? At least they built nice stuff that we're still enjoying... imagine what they could do with 10% or more of GDP!)
I suspect this, plus other ways the US reports sheer waste as GDP to a much higher degree than most peer states, is the main reason folks report the US feeling a lot poorer than second-tier EU countries that on-paper have far lower GDP/capita, even with PPP adjustments. But the fake-healthcare-GDP is probably the single biggest culprit, being absolutely enormous.
- wqaatwt 1y ago> folks report the US feeling a lot poorer than second-tier EU countries How can they even tell that? Maybe people living in either place just have very different expectations.