Friday, December 31, 2010

So how to end Great Depression 2.0? Pt 4

Spend less on health care. The United States spends 19% of GNP on health care. That's twice what every other country on the globe spends. We cannot afford to divert that much money from economic development. Every dollar spent on health care could have built new factories, new products, schools, roads, bridges, airports, and contributed to real economic growth.
Every US made product costs 19% more just to pay the worker's health care. Our international competitors pay half that.
Much of the health care money goes to trial lawyers, over priced drugs, expensive procedures of limited benefit, insurance company bean counters and other undesirables.

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