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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: maverick61 who wrote (90582)	11/19/2008 9:10:26 PM
From: studdog	3 Recommendations Read Replies (3) of 116555

<<We are the only western nation in the world to not to have universal health care. Do you think we are right and all other nations are wrong? YES - but I guess you prefer rationing, 6 to 12 month waits for procedures, mediocare results and gov't run bureaucracies>> The rationing argument against single universal health care is a cheap canard. Canada has lots of delays and defacto rationing, but, they only pay 7% of GDP for health care, If they paid 17% of GDP like we do, believe me, they would have no waits. We pay 17% of GDP for our tottering healthcare system, 40% of which is skimmed off by insurance companies or wasted on administration. If we had a single payer(guess what medicare's administrative overhead is - 25%? 30%? 40%? Try 3%) we could afford to pay for universal coverage by paying providers, not insurance companies and pharmaceutical advertising budgets. We could do this easily for the same dollar outlay and possibly for much less. Karl

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