[roboror]

>Precisely, people on the left wildly overestimate the admin overhead

Public or private? I've never seen "the left" criticize admin overhead in public services.

McKinsey estimates healthcare profit pools will reach $819 billion in 2027.

[Shaanie]

They don't criticize it, but believe UBI will "almost pay for itself" by not requiring aa much overhead. Which it won't, not even remotely close.

[steveBK123]

I think the other problem with UBI, besides the fact that we can't afford it .. is that its probably actually bad for society.

Many problems come from an increasing lack of purpose in society. Getting paid to do nothing will not solve that for probably 99% of the population. Lots of idle time for lots of bored people is like pouring gasoline on a fire.

[steveBK123]

A large number for sure, and completely agree likely too much.

However that's against a projected total spend of $6 trillion in 2027, so 13% accounting for all profit for every level in the medical system (insurers, providers, pharma, medical equipment, etc) .

If you were to wipe that to 0, maybe medical costs go down 13% in US. I don't think US is seen as obscenely expensive and bad value (outcomes per spend) because of a 13% difference.

For example per capita medical spending is 2.3x higher in US than UK, so wiping out all profit will bring us to.. about 2x UK costs.

It's a deeper structural problem of utilization (lifestyles, behavioral), high labor costs (AMA cartel), incentives (pay for treatment not outcomes), etc.