Post
Topic
Board Economics
Merits 5 from 2 users
Re: Fed on brink of fifth(?) round of quantitative easing
by
o_e_l_e_o
on 23/03/2023, 09:39:22 UTC
⭐ Merited by BlackHatCoiner (4) ,Cuenta Alternativa (1)
You know how much money that is? $1,740,000,000.
Which is my point exactly. $1.7 billion is nothing. We spend $800 billion a year just on our military. That's 0.2%. The completely unnecessary extra 6% of GDP we spend over and above European countries because of our moronic healthcare system equates to about $1.4 trillion.

the healthcare system is broken because hospitals can charge anything they want because they bill insurance companies not individuals. individuals get bankrupted and spit out...
So the average spending on healthcare in developed nations by their government is around $6,000 per person. For us, it's almost $13,000. As I said above, our government spends around 6-7% more of our GDP on healthcare than similarly developed European countries. But on top of that, we also pay huge insurance premiums and out of pocket expenses which most European countries don't have. And, for that huge amount of extra government spending, employer spending, insurance spending, out of pocket expenses, etc., the care we get is constantly rated as one of the worst in the developed world.

But God forbid we actually want to get better care for less money by cutting out all the predatory insurance companies and middlemen! That would be sOcIaLiSm!

No, far better to hand huge amounts of money completely unnecessarily directly in to the pockets of insurance company CEOs and the like. They are the ones buying out our politicians after all. And why not? The government can always just print more! Brrrrr!