791
Which proves the point, It's not about money or the economy. It's about inflicting suffering.
According to google, the 2023 population of those countries in millions:
Germany: 83
UK: 67
Italy: 58
Spain: 47
Austria: 8
France: 64
Total: 327
US: 334
Hmm...It's almost like population numbers have something to do with health care costs.
It's like you didn't read the article.
This means the U.S. government spent more on health care last year than the governments of Germany, the U.K., Italy, Spain, Austria, and France combined spent to provide universal health care coverage to the whole of their population (335 million in total), which is comparable in size to the U.S. population of 331 million.
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Just a quick mote: That is great and all, but the US has more people than a large part of Europe…combined The whole of the US has a population of around 337 million, the entirety of the EU is 461 million.
If you aren’t just trying to drop this as a random fact and are instead pushing for universal healthcare in the US, might I suggest looking at something more meaningful, such as cost per covered person.
Numbers also don’t scale linearly with covered persons due to inefficiencies, so that is something to think about as well. Quality of care is also a consideration. If i need an optional surgery here in the US I can typically get in within 2-6 weeks for the surgery. In some countries it can take months.
sigh the healthcare debate is so much more complex than people realize. I am pro universal healthcare, btw.
If we adopted universal healthcare tomorrow without consideration of the issues, the worldwide economy would take a massive hit. Insurers and private healthcare companies invest dollars worldwide in many different industries.
"If we adopted universal health care tomorrow without consideration of the issues, the worldwide economy would take a massive hit"
I think that's a lie certain people are spreading who fear change to make other people fear change too.
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So right now the PE ratio of the s & p 500 is 26 or so. That number on average historically around 15.5 if I remember correctly. Meaning it would take 15.5 year's profits at current profit levels to pay for a stock you buy. Ie, if a share was worth ten dollars, it would take 15.5 years for the companies to all make enough profit to cover the price of ten dollars for all the shares.
So that's average. We are now at 26 or more. So it now takes 26 years. Meaning, the stock market is TOO EXPENSIVE. This is a great thing for the boomers living off selling their shares. Just like with their overpriced homes, they are enjoying this situation.
Those of us working and BUYING shares are not. We can buy less percentage of a company for more money, and expect poorer returns on what we invest today. Same as with houses. We can buy less home for more money. Long term, means we will either have to work longer, or somehow live on less when we are unable to work anymore as we age.
So if you tell me we can perhaps get universal healthcare AND enjoy the benefit of stocks returning to reasonable levels enjoyed by previous generations, I'm now even more excited thinking about universal healthcare.
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what's fun is for all this extra money we get a lower (and dropping) life expectancy and a higher infant mortality rate. that's right, we pay more to bury our kids and then die sooner. FREEDOM BAYBAY!
“That’s terrible! That’s money that should be going towards the military!”
I won't pretend to understand this but if health care costs more you pay more right? Unlike the six countries they compared the US with.
I'm begging the question here but it's an important point that the article is trying (not very well) to make...
Why does healthcare in the US cost 50% more than Europe, on average per person?
We take the same drugs, right? We have the same surgeries with the same equipment?
And that's the cost we paid this year, without even providing coverage for the whole population.
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this post was submitted on 19 Dec 2023
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