mileslunn
Junior Chimp
Posts: 5,837
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« on: October 14, 2017, 11:54:16 PM » |
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Pro:
- Everybody gets access to care free of charge, no bankruptcies over medical fees and the poor don't avoid treatment due to fear of costs.
- Can reduce total costs due to economies of scale.
- Since one doesn't have to buy health insurance it means more disposable income elsewhere. Yes taxes are higher but taxes unlike health insurance are progressive so rich pay more than the poor and the poor are more likely to spend each extra dollar in the economy
Con:
- Due to rationing leads to long waiting times for non-life threatening treatments
- Less innovation and research.
- Means higher taxes or less spending elsewhere
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