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  • Free-Market Healthcare Falling Victim to Recession [View article]
    Basic healthcare should absolutely be a right, esp. in the richest country on the planet - the USA.

    USA actually spends 14% of its GDP on healthcare, but doesnt reap the benefits.

    About 1/3rd is due to indirect administrative costs and not direct costs such as drugs (which everyone loves to hate).

    Its projected that in 10-15 years, healthcare will eat up around 25% of GDP, primarily due to growing baby boomer medical care.

    The "free market" solution will be unaffordable to more than 90M americans (including 50M uninsured).

    So the writing is clear on the wall.
    Even if everyone hates a "socialist" healthcare system like in Canada, US will be forced to go down that path, more for economic reasons than for ideological reasons.
    The earlier the system is reformed, the better it would be.
    Nov 08 09:15 am |Rating: +2 -2 |Link to Comment
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