3 ms·
> Health spending in the us is too tied up with the country’s economy for it to ever be reduced. Same goes for housing These are massively incomparable. Most h
by JumpCrisscross 4mo ago
> Health spending in the us is too tied up with the country’s economy for it to ever be reduced. Same goes for housing
These are massively incomparable. Most householders live in homes they own. Those homes, moreover, are usually a substantial if not dominating fraction of their net worth. And they're leveraged. This produces a broad level of interest in maintaning or raising home prices.
Healthcare is more narrowly owned. It's not as leveraged. And very few housholds have a commanding fraction of their net worth in healthcare assets.
- lovich 4mo agoIt is however a highly inelastic good and some of the most expensive care happens when the person who ends up paying isn’t in the state of mind to make decisions such as being unconscious for emergency care, or late in life when dealing with dementia and other diseases that rob you of your faculties. It’s primed to be able to extract everything because most people value being alive above everything else.
- JumpCrisscross 4mo ago> the person who ends up paying isn’t in the state of mind to make decisions such as being unconscious for emergency care, or late in life when dealing with dementia and other diseases that rob you of your faculties Most healthcare in America isn't paid for by the patient.
- lovich 4mo agoUltimately, but it’s charged to the patient who then has it paid by whatever mechanism (insurance/medicare/medicaid/family/etc)
- ballsac 4mo ago[dead]