| The US spends $2 Trillion dollars on Medicare + Medicaid a year [1][2]. Given that the US has a population of 342.7 million people [3], those two trillion dollars divides out to $5800 per resident per year. The UK's universal healthcare system costs ~$4700 per person per year (~£3,500)[4]. If we could spend healthcare dollars as efficiently as the UK, the current government spending in the US is enough to support a single payer healthcare system covering every resident without raising taxes. [1] https://www.cms.gov/data-research/statistics-trends-and-repo... [2] https://www.kff.org/medicaid/medicaid-financing-the-basics/#... [3] https://www.census.gov/popclock/ [4] https://www.bbc.com/news/articles/cwy7zvp5xrqo |
Except we couldn't. For the same reason our public schools can't get Finland's test scores while spending $3,000 less per student pear year than the U.S. For the same reason our public transit systems can't build subways for $100 million per km, like Spain.