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by Kalium
2596 days ago
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> If we had strong single-payer, we would see a 100 fold increase in startups. And these startups would self funded and creatively bootstrapped. Without the burden and complexity of securing private health insurance, anyone with a couple months rent saved up could try starting a business. We'd probably even see old people do it. This is a good thought! You've identified a factor holding people back and thought about what might happen if it was removed. Yet, is it perhaps possible that there could be more complexity to this? Several countried with strong single-payer health care systems spring to mind. France and Germany and the UK are not generally regarded as having 100x the startups as the US. Self-funding and creative bootstrapping has not replaced VCs. It could be worth considering the possibility that access to health care might not be the thing preventing endless fields of startups. Perhaps there could be some other factors at work? Single-payer is a policy whose time has come in the US. But it might not be a silver bullet for conjuring startups ex nihilo. |
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The consensus is that it's too hard to fire in those countries. (Look at the lawsuit that bankrupted Mandriva for an especially pointed example). I'm not aware of any country that combines socialized healthcare with US-style at-will employment, but perhaps that's the ideal combination - you can lose your job at any time, but losing your job does not mean losing access to medicine.
> Self-funding and creative bootstrapping has not replaced VCs.
It sort of has. VCs have shown very poor returns and a lot of companies have bypassed them.
> Single-payer is a policy whose time has come in the US. But it might not be a silver bullet for conjuring startups ex nihilo.
There's a noticeable spike in people starting businesses once they reach medicaid eligibility age (50 I think?) So while it won't fix everything it should make a significant difference.