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Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co
And we'd all have access to health care, and there wouldn't be medical bankruptcies any more. It's really a no brainer.
Consider: Federal spending is about 21% of the GDP, while medical costs are about 17%, but...
7% goes to Medicare and 2% to Medicaid, both part of the 21% federal spending. Take that out, and you have 12% being spent by the federal government, while 17% is spent on health care. Health care costs more than the entire federal bureaucracy!
It's really astonishing when you think about it. If our per capita health care costs were just in line with the average of other advanced countries it would free up over 8% of GDP for more productive pursuits. That's an amount of money totaling more than 50% of all federal tax revenue.
And we'd all have access to health care, and there wouldn't be medical bankruptcies any more. It's really a no brainer.
Consider: Federal spending is about 21% of the GDP, while medical costs are about 17%, but...
7% goes to Medicare and 2% to Medicaid, both part of the 21% federal spending. Take that out, and you have 12% being spent by the federal government, while 17% is spent on health care. Health care costs more than the entire federal bureaucracy!