(no title)
walkhour | 2 years ago
> I want affordable housing. Affordable healthcare. High speed rail. Better zoning laws. New subway lines.
Are you saying we only need 12% of the budget to fix these things? Note that coincidentally medicare is already accounting for ~12% of the total.
Say the military budget goes to zero (which it can't), and we spend half of that on medicare (it would be 18%). Will it fix the problem?
I think the problem is much deeper than wasting this 12%.
tkpk|2 years ago
opo|2 years ago
>While prescription drug costs only accounted for 8 percent of total U.S. healthcare spending in 2020, the price of such drugs has risen substantially over the last few decades. ... The U.S. spends twice as much on prescription drugs as other comparatively wealthy nations, on average.
https://www.pgpf.org/blog/2022/11/how-much-does-the-united-s...
seanmcdirmid|2 years ago
raccoonDivider|2 years ago
> Pharmaceutical breakthroughs are financed by the high prices paid by American patients (and backed by abundant venture capital); government-run health systems in Europe then bulk-buy the same drugs for much less. Europe has had some successes—German companies were among those pioneering mrna vaccines—but most of the cutting-edge research in science and technology is done at universities and companies elsewhere.
[1] https://www.economist.com/europe/2022/02/26/europe-is-the-fr...
idontwantthis|2 years ago
unknown|2 years ago
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