The US currently spends about $5 trillion on healthcare. About $1T of that goes through Medicare, another $0.9T through Medicaid, which leaves about $3T. Non-government spending is $1.6T through private insurance, $0.6T out of pocket, and $0.5T charities.
The “universal healthcare would be cheaper argument,” which I believe, is based on shifting that $3T of private payments into government spending and bringing the ~85% efficiency of care by private insurers up to the 98% that Medicare claims. i.e.: eliminating roughly $400 B of insurance company profit. That still requires $2.5T revenue increase, which is about 50% of current revenue.
HubertManne@piefed.social 3 hours ago
ok but for 2 don’t forget about the trillion. thats a lot of billions
FiniteBanjo@feddit.online 3 hours ago
Yeah but you’re not going to convince people to slash defense budget by a full trillion. It would be madness while China and Russia are acting more aggressive than that have in over 50 years.
HubertManne@piefed.social 3 hours ago
yeah but it would not even be close to a trillion and china and russia don’t spend nearly what we do combined.
FiniteBanjo@feddit.online 3 hours ago
Well it’s already not a Trillion, so yes. The $1.5 number is Trump’s request for 2027. Even Republicans, as stupid as they are, are afraid of the banks letting them go default.
Naich@piefed.world 3 hours ago
If you cut 100 billion of it, you would still have 1.4 trillion to kill brown people with.
FiniteBanjo@feddit.online 3 hours ago
Well, no, you’d have about 890 Billion because the 1.5 Trillion is an imaginary figure that Trump made up.