SAN DIEGO – The United States’ sky-high health-care costs are so far above what people pay in other countries that they are the equivalent of a hefty tax, Princeton University economists Anne Case and Angus Deaton say. They are surprised Americans aren’t revolting against these taxes.And this little gem:
“A few people are getting very rich at the expense of the rest of us,” Case said at conference in San Diego on Saturday. The U.S. health-care system is “like a tribute to a foreign power, but we’re doing it to ourselves.”
The U.S. health-care system is the most expensive in the world, costing about $1 trillion more per year than the next-most-expensive system – Switzerland’s. That means U.S. households pay an extra $8,000 per year, compared with what Swiss families pay. Case and Deaton view this extra cost as a “poll tax,” meaning it is levied on every individual regardless of ability to pay. (Most Americans think of a poll tax as money people once had to pay to register to vote, but “polle” was an archaic German word for “head.” The idea behind a poll tax is that it falls on every head.)
Despite paying $8,000 more a year than anyone else, American families do not have better health outcomes, the economists argue. Life expectancy in the United States is lower than in Europe.
Their forthcoming book, “Deaths of Despair and the Future of Capitalism,” includes a scathing chapter examining how the U.S. health-care system has played a key role in these deaths. The authors call out pharmaceutical companies, hospitals, device manufacturers and doctors for their roles in driving up costs and creating the opioid epidemic.
In the research looking at the taxing nature of the U.S. health-care system compared with others, Deaton is especially critical of U.S. doctors, pointing out that 16 percent of people in the top 1 percent of income earners are physicians, according to research by Williams College professor Jon Bakija and others.
But who is killing themselves? Small state residents. And the small states cannot compete on economies of scale. It applies to social security, socialize medicine and education. Across the board.
So I can safely say that the philosophy of '50 litle Hoovers' is a war crime. I can call Barak Obama a mass killer. I can see that Hillary was way too delusional to be president. I can say that Vermont is no longer a viable economy because Bernie killed that state.
I can say all of these things by 1) Reading the Constitution 2) Listening to Nobel Prize winners who tell the truth and 3) Me and a bunch of others understand scale and congestion. It is damn near fact, we will be defaulting, you can bet on that.,
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