Baron Von PWN wrote:BigBallinStalin wrote:@john and Sym and whoever:
No, we shouldn't ignore variables that can't be or are extremely difficult to measure, but either that's what happens, or very little analysis is dedicated to uncovering subjective value.
Here's my beef with the wiki data, and the claim that "Meh, much as any source I cite that shows Universal healthcare is cheaper and more effective will be likely dismissed, here's the WHO comparison":
So, we're looking for lower costs and higher effectiveness.
Using the wiki data, I'll go over each category:
Per capita expenditure on health (GDP, PPP):
it just shows GDP per capita and healthcare spending ratios. Recall that government expenditures are included in GDP, so if a government spends a lot relative to the size of its economy, then the higher GDP will "reduce" the actual health care costs. It's not a good ratio.
GDP = C + I + G + NX
Increase G, and divide health expenditures by GDP, and you get a lower "cost."
Furthermore, it's misleading to compare US healthcare costs with European healthcare costs, because roughly 40% of US healthcare costs is already paid by the government (Medicare and Medicaid, some of which doesn't really go to "healthcare," which further undermines the usefulness of this data).
This criticism applies to the "healthcare costs as a percent of GDP" too.
I don't see why government expenditure going into Healthcare should matter. How does government expenditure differ from private expenditure?
Wouldn't private expenditure on healthcare also be counted towards GDP?
What dose it matter whether the amount spent on healthcare comes from Public or Private means, why would that be totalled differently when it comes to GDP?
I'm not an economist so if I'm missing something please explain.
As for the rest of it, I won't comment as I don't know. Though I do prefer the Single payer system/ state provided.
the difference between public and private expenditure is liberty. Force or choice