Comment on Obamacare enrollee sees premium spike over 300% as sign-up period begins: 'This will devastate us'
humanspiral@lemmy.ca 1 day ago
This has the potential for a death spiral on all of the US economy. 1. its highly inflationary. 2. People choosing to not have health insurance is a drop in GDP, and a cause of hospital closures which is another drop in GDP, and access to healthcare. People dying hurts GDP too.
US economy already is highly inflated due to 5% points of GDP higher than every other nation spent on healthcare. Obamacare/ACA was a republican compromise to prevent Berniecare/mediare for all. The GOP criticisms that public subsidies for private extortion just makes the private extortion harsher. But only Berniecare is the answer.
Vex_Detrause@lemmy.ca 1 day ago
Why would GDP drop if people stopped having insurance? (Serious question)
imapuppetlookaway@lemmy.world 1 day ago
I’m no expert, but i suppose because it reduces the flow of money - fewer transactions (people not getting healthcare, not billing insurance, insurance not paying for healthcare given to people because they’re not getting any healthcare) = reduced total domestic product. Whether it’s reduced by a measurable amount is another question.
KyuubiNoKitsune@lemmy.blahaj.zone 23 hours ago
I think also the fact that sick people usually don’t work, and in the US they don’t get paid when sick, so less money available to be spent.
humanspiral@lemmy.ca 22 hours ago
both your insurance payments and healthcare costs/wages count as GDP.