It really bothers me that something like 10% of US GDP is just the amount we over-pay for healthcare compared to peer states. It's basically a privatized tax that buys us nothing (or, to stave off pedantry, certainly nothing remotely worth 10% of our GDP) but we count it as something good.
I worry sometimes about just how much of our GDP is actually fake productivity like that (see also: the significant multiple more that we pay for most infrastructure compared with peer states). It would help explain why a lot of "poorer" countries reportedly don't feel poorer to live in, for a normal family, than the US.
I worry sometimes about just how much of our GDP is actually fake productivity like that (see also: the significant multiple more that we pay for most infrastructure compared with peer states). It would help explain why a lot of "poorer" countries reportedly don't feel poorer to live in, for a normal family, than the US.