Name: What The U.S. Could Do If So Much Money Wasn't Wasted On Health Care
Brand: shadowproof.com
SKU: shadowproof-com-12392
Availability: OnlineOnly

critic

What The U.S. Could Do If So Much Money Wasn't Wasted On Health Care

preview

Featured ReportingLatest NewsThe BullpenThe United States spends 7.2 percent points more of our gross domestic product (GDP) on health care than several industrialized countries. That is $1.3 trillion the country effectively wastes on health care without getting better health outcomes.This is such a large amount of money it is almost impossible to wrap one’s head around. But it’s important to highlight just what could be done with that much money.If the federal government could prevent all this wasted spending and capture the savings, the U.S. could provide everyone universal health care and:Of course, if the country ever ends the incredible amount of price gouging taking place in &nbsp;the American health care system, the money won’t go to one place. The savings would likely result in a combination of thousands of dollars in increased income for most workers via lower premiums/taxes, increased spending on education, investments in infrastructure, and new social programs.Our health care system is a major source of the upward transfer of wealth and income inequality. Much of the one percent exists because of the country’s extravagant health care prices. In fact, the top two places that members of the one percent are likely to work are physician offices and hospitals.This also shows the challenge of moving toward a truly universal health care system. The exorbitant cost of health care is the amount of excess money that hospitals, drug makers, insurance companies, and doctors want to keep all for themselves — and they’ll fight for it.Any new system, even one which eliminates cost sharing, must address this extreme price problem or it will fester. Failure to address the problem will merely shuffle around who overpays the one percent.Budgethealth careincome inequalityWasteShadowproof is an independent publication funded by donations from readers like you. If you like our work, pay it forward by donating or subscribing today.DonateShadowproof is 100% funded by readers like youDonate NowThis is default text for notification barLearn moreSkip to content

Featured ReportingLatest NewsThe BullpenThe United States spends 7.2 percent points more of our gross domestic product (GDP) on health care than several industrialized countries. That is $1.3 trillion the country effectively wastes on health care without getting better health outcomes.This is such a large amount of money it is almost impossible to wrap one’s head around. But it’s important to highlight just what could be done with that much money.If the federal government could prevent all this wasted spending and capture the savings, the U.S. could provide everyone universal health care...

public

Jon Walker

Reader-supported journalism dedicated to exposing abuses of power in business and government. Founded by @kgosztola & @bsonenstein.

shadowproof.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

What The U.S. Could Do If So Much Money Wasn't Wasted On Health Care

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS