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A comment on Why the U.S. Spends So Much More Than Other Nations on Health Care. Parent comment

Re:Why the U.S. Spends So Much More Than Other Nations on He... by robbiep on Wednesday January 03, 2018 @05:55AM (#16060011)
Whilst the US has more self-made billionaires than Europe [0] the US has lesser social mobility than Europe (less the UK), rendering the idea of 'the American dream' more a dream than a possibility [1, 2]

Healthcare is a price-inelastic good. Not having some form of pricing controls is a licence to rip the heart out of a population.

[0] https://howmuch.net/articles/billionaires-map

[1] https://www.theatlantic.com/business/archive/2016/07/social-...

[2] https://www.brookings.edu/wp-content/uploads/2016/07/02_econ...

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Re:Why the U.S. Spends So Much More Than Other Nations on He... by true_religion on Wednesday January 03, 2018 @06:41AM (#16060183)
The article concludes the usa has lower social mobility simply because the very rich, are now much richer thus it is harder to move to that income group.
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