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by nateabele 5097 days ago
Okay, to be clear though, exactly which segment(s) of the developed world are doing socialized medicine and not going bankrupt (or on the verge of going bankrupt) in spectacular fashion?
2 comments
wpietri 5097 days ago
If the US adopted any of the systems of other nations, we'd be paying a lot less, so we'd at least be going bankrupt a lot slower. We pay way more than anybody else for outcomes that are basically the same.

Great data and analysis here:

http://theincidentaleconomist.com/wordpress/what-makes-the-u...

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nateabele 5097 days ago
wpietri: Yes, I read that series quite some time ago. I'm very familiar with the ridiculousness that is the US healthcare system. This, however, is totally irrelevant to my comment, which was regarding other developed countries that are going bankrupt over their entitlement programs.
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wpietri 5096 days ago
It is relevant in exactly the way that I said: we would be going broke more slowly, because we would be spending less on health care.

However, to address your question directly, look at debt to GDP ratios:

http://stats.oecd.org/Index.aspx?DatasetCode=GOV_DEBT

The US is in the middle of the pack. Countries with more sane health care systems and better levels of debt include Ireland, the Netherlands, Spain, Germany, Finland, Denmark, Canada, Sweden, and Australia. I don't see any reason to believe that they're being driven bankrupt by their health care systems.

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