that pretty obvious. About 18% of our GDP is healthcare spending. If you decrease that as Bernie claims he is going to do..
Its going to reduce our GDP. Healthcare is not being outsourced in America. Its not really be sent overseas. Its pretty hard to do automate it. Currently the healthcare industry is a primary source of jobs in America.
Health Care Just Became the U.S.'s Largest Employer - The Atlantic
Healthcare is uniquely American.. and its growing because of demand. The aging of the baby boomers is creating huge demand. Now.. If medicare for all.. is going to get the savings.. that its being touted (compared to all those other countries)...that means that healthcare expenditure has to be reduced. And where does that come from?
Well..
its going to come from American healthcare workers... (since most countries pay less for their doctors, nurses.. and so on).
Its going to come from fewer healthcare workers.
Fewer hospitals
Fewer medical services (most countries gain efficiency by consolidating and reducing access to hospital beds, MRI etc.. its in part why the greater wait times).
It means fewer hospital and provider constructions..
There is no free lunch here. If you reduce the spending on healthcare..you are going to be reducing wages, reducing employment. reducing construction etc.. in an industry that can't outsource to india.. that is made up of tons of non profits no less.
Sangha here is going to say... "well we can spend on..."..but it doesn't work that way.. because you reduction is in wages, in hiring, in construction that's done in the US.
IF we were to follow Sangha's logic.. that reducing costs.. just means we can spend it somewhere else... well then.. according to him.. since the US has a minimum wage and spends more on wages than other countries.. we should get rid of minimum wage and there will be no effect on the economy.
Well.. that's just not true. And the same with healthcare.