3 ms·
The cost of cancer/dialysis/diabete is quite relevant since those things are inherently expensive today, and you won't be able to pay it from your pocket unless
by cdavid 14y ago
The cost of cancer/dialysis/diabete is quite relevant since those things are inherently expensive today, and you won't be able to pay it from your pocket unless you are in the top few % income wise.
Regarding the 7 % costing 90 %, it does not surprise me much (the figure I heard in France was something like 10 % costing 60 %, but I don't pretend for their accuracy). You need to take into account that the 7 % are not uniformly distributed (age being an obvious factor). Also, in France at least, there is no such thing as Medicare/medicaid, so the mandatory health insurance costs can't easily be compared.
Regarding the prince thing: I don't understand the argument of putting things from year X in year Y in 2013 dollars for things that did not exist at that period X. If we discover in 50 years a definite cure against say cancer, getting the price in today's USD is meaningless (how much would someone like S. Jobs be willing to have paid for it ? Much more than anything related to inflation).
- noahc 14y agoIt's an attempt to measure relative affordability, part of this is that humans are unable to take a value such as an average inflation rate of 3.4% and work backwards over 20 years. I'm not sure how useful that number is, however, I'm pointing out that it doesn't add to the invalidity of his argument.