“The U. S. health care sector is massive. In 2020, it amounted to 19.7 percent of GDP. In the previous (pre-pandemic) year, that number was 17.6 percent. The United States spends more on health care than any other developed country, and not by a small amount: $12,318 per capita in 2021. In the rest of the developed world the average is under $6,000. What do we get for all this money? Lower life expectancy and higher infant mortality than almost all other developed nations. Despite the huge deployment of resources, the system is, by almost every metric, a dismal failure.”
“Easy Chair” [The Social Body] Hari Kunzru. Harper’s. March 2023
Questions.
What is the capitalist return on investment (ROI)? Can it be determined from these numbers? How does that ROI compare to ROI in other developed nations? We don’t have those figures. I suppose they could be found.
How do these numbers compare before the privatization efforts of hospitals, begun by lousy perverted Reagan and carried out by lousy perverted Rick Scott who now sits in the US Senate with a conflict of interest regarding healthcare because he has HCA where he makes a profit?
How do these numbers compare to the days pre-big pharma and Bush / Republican era of creation of the donut hole in Medicare which gives free reign and no regulation of big pharma?
How do these numbers compare to pre-big insurance underwriting established by Watergate burglar Haldeman, under Tricky Dick?
Historically, how do these numbers compare?
Everything I mention here has nothing to do with socialism, but with capitalism. That is the reason I mention it because those who shoot holes in universal healthcare always bring up the emotional issue of socialism. Another example of Machiavellian perverts (ends justifies the means, so they don’t give a damn about the truth or ethics) who grab control and power with their love of money over human beings.
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Healthcare Costs in America & the Developed World
“The U. S. health care sector is massive. In 2020, it amounted to 19.7 percent of GDP. In the previous (pre-pandemic) year, that number was 17.6 percent. The United States spends more on health care than any other developed country, and not by a small amount: $12,318 per capita in 2021. In the rest of the developed world the average is under $6,000. What do we get for all this money? Lower life expectancy and higher infant mortality than almost all other developed nations. Despite the huge deployment of resources, the system is, by almost every metric, a dismal failure.”
“Easy Chair” [The Social Body] Hari Kunzru. Harper’s. March 2023
Questions.
What is the capitalist return on investment (ROI)? Can it be determined from these numbers? How does that ROI compare to ROI in other developed nations? We don’t have those figures. I suppose they could be found.
How do these numbers compare before the privatization efforts of hospitals, begun by lousy perverted Reagan and carried out by lousy perverted Rick Scott who now sits in the US Senate with a conflict of interest regarding healthcare because he has HCA where he makes a profit?
How do these numbers compare to the days pre-big pharma and Bush / Republican era of creation of the donut hole in Medicare which gives free reign and no regulation of big pharma?
How do these numbers compare to pre-big insurance underwriting established by Watergate burglar Haldeman, under Tricky Dick?
Historically, how do these numbers compare?
Everything I mention here has nothing to do with socialism, but with capitalism. That is the reason I mention it because those who shoot holes in universal healthcare always bring up the emotional issue of socialism. Another example of Machiavellian perverts (ends justifies the means, so they don’t give a damn about the truth or ethics) who grab control and power with their love of money over human beings.
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Commentary about Economist Magazine Article about “Creative Destruction”