Re: The end is in sight

Eeyore wrote:

James Arthur wrote:

Eeyore wrote:
Bob Larter wrote:
James Arthur wrote:
You don't understand our government. These are the geniuses
who built the global financial crisis. They _already_ spend ~8%
of our GDP on healthcare;
16%, according to all the figures I've seen.
I presumed he meant just the Medicare element of it, in which case no-one's
pushing for value for money.
The US gov. pays half of all the bills (through many channels, not
just Medicare); the rest is private.

I didn't quite get that. Bob is correct AIUI that 16% of US GDP goes into
'healthcare'. So how much of that is private spending and how much is Medicare ?

Graham


The govm't pays half, so 8% of GDP, ergo the rest must be
private-sector.

By way of administering the death of a thousand cuts[1], the US govm't
splits those payments across a zillion programs, the largest being
Medicare and Medicaid.

[1] I count at least four puns / ironies in that phrase. :-)

Like the deficit and the budget, they use a variety of devices to
disguise and misstate the actual costs. The anointed can unravel
them and achieve true enlightenmint[sic] but it's a pain, so I'm
gonna beg off doing it for now...

Cheers,
James Arthur
.

Relevant Pages
Quantcast