News for hackers. Stuff that matters.

A comment on YC Research: Universal Healthcare. Parent comment

Re:YC Research: Universal Healthcare by dragonwriter on Tuesday February 07, 2017 @04:00PM (#13592760)
> Reduce spending by 40% would reduce US GDP by almost 10%.

No, it wouldn't, because most of that would go straight back to labor and result primarily in increased consumer spending, and secondarily in increased consumer investment (which leads to increased business spending.)

It's not like the money not being spent on healthcare inefficiencies is going to just vanish out of the system.

[ Parent | on HN ]
Re:YC Research: Universal Healthcare by intrasight on Tuesday February 07, 2017 @09:07PM (#13595069)
I'm not sure. At what point does automation lead to a big drop in GDP?
[ Parent | on HN ]
Re:YC Research: Universal Healthcare by dragonwriter on Tuesday February 07, 2017 @11:05PM (#13595654)
Never; except perhaps when the fact that it results in greater concentration of wealth isn't mitigated and leads to destructive, violent revolution, which cuts GDP.

But that's not really analogous to eliminating health care inefficiencies.

[ Parent | on HN ]