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by GenerWork 702 days ago
Isn't one of the selling points of universal healthcare that it's overall cheaper in total cost than private insurance? If so, the UK should be celebrated for having such a low percentage of its GDP being spent on universal healthcare.
3 comments

UK spends about 11% of GDP on healthcare This is comparable to France, Germany, and Switzerland, which spend ~12%, and less than the USA at 16% of GDP.

Things get a little more interesting when you take the overall GDP of each country into account:

Switzerland: 106K, ~$12K per capita

USA: 85k, ~$13.5k per capita

Germany $54K, $6.8k per capita

UK: $51k, $5.8k per capita

France: $47k, $5.8k per capita

https://data.worldbank.org/indicator/SH.XPD.CHEX.GD.ZS

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...

Why not reduce it to 1% and see what happens?

It is possible for this class of approach to be cheaper, but also for this particular implementation to be spending too little.

The issue is that the Britain is stagnating, so that percentage of GDP is growing slower than costs.