Re: The end is in sight


"Bob Larter" <bobbylarter@xxxxxxxxx> wrote in message
news:gte5ru$o3$1@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
bill.sloman@xxxxxxxx wrote:
On Apr 29, 12:43 am, James Arthur <bogusabd...@xxxxxxxxxxx> wrote:
[...]
"Progressive" Great Society programs drove the financial bubble,
which frankly pales compared to the Social Security and Medicare
fiascoes.

The US social security and medicare systems are fiascos - not because
the ideas are impracticable, since they work fine in other countries -
because American politicians don't understand the social contract
underlying the ideas, and won't implement them in a way that benefits
society as a whole.

Well said. That's exactly the problem. In the real world, it actually
costs more to make sure that the 'undeserving' are excluded than it does
to just pay out & accept that there's going to be some wastage. Per
capita, the USA spends more money on health care than countries with
free universal health care that excludes nobody. I suspect that the same
is also true of the Social Security system.

The US spends 14% of GDP on health care while most countries with universal
care spend about 10% of GNP. The US system is inefficient and very wasteful
plus insurance companies rake profit right off of the top without actually
doing any of the health care.


.

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