Sat Nov 17, 2012, 09:15 AM
cleduc (641 posts)
Here's a way I pitched it to my GOP leaning sister
My sister's initial reaction to my comments about healthcare was to suggest shock that I'd become a socialist.
List of countries by total health expenditure (PPP) per capita
Difference = 7,960-4363 = $3,597 heath care savings per person
If the US went to Canada's system (which from what I've seen is better than Medicare), the US would save:
311,591,917 US people x $3,597 per person = $1.12 Trillion health care savings per year.
Some of those savings would be saved by the government, some by business and some by the people who pay for their health care.
And the part overlooked in a lot of health care discussions and number crunching is the economic impact that concerns capitalists:
- The work force would be healthier and therefore, more productive.
- Companies would make more money because cost of employment of their labor would be reduced
- US citizens would have more disposable income that would boost the US economy
- Each job would cost about $7,200 less which would make employment in the US more competitive in the world and bring jobs back to the US.
- Because more jobs would come back to the US, more value add would be done in the US and reduce the US trade deficit as more products made or services performed in the US would be purchased by Americans and more products made or services performed in the US would be sold to other countries.
- And of course, the federal and state deficits would be significantly reduced with lower health care costs.
- bankruptcies and court costs would go way down
- cost of borrowing/mortgages would go down because the risk of loaning is reduced with the elimination of most healthcare bankruptcies. As a result, more capital would flow into the economy to give it a boost
The major losers would be the health care insurance companies and those health care professionals who thought the Hippocratic Oath meant making an absurd bundle off sick people.
Aside from a general improvement in the quality of life of the average American:
US Life Expectancy 78.2 (38th ranked)
Canada Life Expectancy 80.7 years (12th ranked)
US citizens would likely live about 2.5 years longer while spending $1.12 trillion less per year to acquire those extra years of life
And we have a good idea that's true because 45,000 US citizens would stop dying each year because they don't have health care:
45,000 US people per year aren't just losing an ideological argument about capitalism. They're losing life, liberty and the pursuit of happiness forever. But the US is willing to spend trillions to avenge 3,000 deaths one time on 9/11 but not address 45,000 dying per year - which just blows my mind.
One can bicker about the precision of the numbers I've used above. But the general theme is accurate. The US can afford to have the best health care in the world because the US is already paying much more than any other country in the world now. The US is just getting a terrible bang for it's health care buck with devastating results ... economically, socially, etc.
The duty of capitalists in business is to find ways to produce their products and services cheaper, better and more efficiently to maximize their bottom line. 45+ years ago, Canada tried the above with no detrimental effect on capitalism. In fact, it makes Canadian businesses more competitive around the world in their capitalist system. The US has tried what they have for the last 45 years and the results are plain to see. It hasn't worked. Capitalists have to look to the bottom line when things aren't working and try something else - particularly when they can see someone else or another country who has proven that another solution can work much better over the last 45 years. It's in the capitalists best interest to hold their nose and socialize healthcare (ignoring the other stronger philosophical/ideological arguments).
So my GOP leaning sister voted for Obama.
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