Economic costs of war

Re:Economic costs of war by mjevans on Monday August 16, 2021 @09:56PM (#28205231)

6.4T / 20 Years ~= 320B for one year

Offhand, the entire broadband portion of the budget for the next 5-20 years was 65B.

Maybe healthcare lacks effective resource management. I sure as heck know I always hear quoted prices in other first world countries that are far less, often 1/10th of what we pay in the US.

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Re:Economic costs of war by cmrdporcupine on Monday August 16, 2021 @10:48PM (#28205618)

Here in Ontario with our single payer system the health care budget sits at around $60B a year, for a population of ~14M, or per-capita about $4.6k (CAD) per person.

If you extrapolate that out to a nation of 328 million, that's about $1.5T CAD / $1.1T USD a year.

For a larger population comparison, let's use the UK. NHS budget for 2018 was 114B UKP, or ~$158B USD. For a population of about 66 million people, that works out to about $2.4k USD per person per year and about a $775B USD/year budget.

$3.8T a year on health should pay for universal on demand health care for 100% of the population. Crazy that it's not.

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Re:Economic costs of war by mjevans on Tuesday August 17, 2021 @01:19AM (#28206474)

For context 1: "U.S. health care spending grew 4.6 percent in 2019, reaching $3.8 trillion or $11,582 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 17.7 percent."

According to the US Gov "Centers for Medicare & Medicaid Services", in 2019 (pre pandemic) the US was already spending 3.8 trillion (~3.5x the estimate) or $11,582 per person and not fully serving everyone in the process. Maybe the medical bickering/billing departments raise the price 2-3 times.

1: https://www.cms.gov/Research-Statistics-Data-and-Systems/Sta...

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