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	Comments on: Blind free-market ideology can be dangerous to your health	</title>
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	<description>A collection of writings dealing with current US &#38; Long Island politics</description>
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		<title>
		By: D. Posnett MD		</title>
		<link>https://resistancesuffolk.wp.urdemo.website/2017/03/01/blind-free-market-ideology-can-be-dangerous-to-your-health/#comment-100</link>

		<dc:creator><![CDATA[D. Posnett MD]]></dc:creator>
		<pubDate>Wed, 29 Apr 2026 12:29:35 +0000</pubDate>
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					<description><![CDATA[&lt;p&gt;I would add that in 2009 Paul Krugman discussed why health care is not a free-market system and in 1963 Ken Arrow (a Nobel Prize winning economist) wrote one of the most seminal papers on this subject.  &lt;a href=&quot;https://krugman.blogs.nytimes.com/2009/07/25/why-markets-cant-cure-healthcare/&quot; rel=&quot;nofollow ugc&quot;&gt;https://krugman.blogs.nytimes.com/2009/07/25/why-markets-cant-cure-healthcare/&lt;/a&gt;&lt;/p&gt;]]></description>
			<content:encoded><![CDATA[<p>I would add that in 2009 Paul Krugman discussed why health care is not a free-market system and in 1963 Ken Arrow (a Nobel Prize winning economist) wrote one of the most seminal papers on this subject.  <a href="https://krugman.blogs.nytimes.com/2009/07/25/why-markets-cant-cure-healthcare/" rel="nofollow ugc">https://krugman.blogs.nytimes.com/2009/07/25/why-markets-cant-cure-healthcare/</a></p>
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		<title>
		By: D. Posnett MD		</title>
		<link>https://resistancesuffolk.wp.urdemo.website/2017/03/01/blind-free-market-ideology-can-be-dangerous-to-your-health/#comment-101</link>

		<dc:creator><![CDATA[D. Posnett MD]]></dc:creator>
		<pubDate>Wed, 29 Apr 2026 12:29:35 +0000</pubDate>
		<guid isPermaLink="false">https://resistancesuffolk.wp.urdemo.website/2017/03/01/blind-free-market-ideology-can-be-dangerous-to-your-health/#comment-101</guid>

					<description><![CDATA[&lt;p&gt;I heard that in Switzerland they pay 7-15% of gross income for health insurance. In the US the estimates range from 10-20%.  17.25 percent is quoted here &lt;a href=&quot;http://budgeting.thenest.com/percentage-income-americans-spend-health-insurance-31914.html&quot; rel=&quot;nofollow ugc&quot;&gt;http://budgeting.thenest.com/percentage-income-americans-spend-health-insurance-31914.html&lt;/a&gt;.  &lt;/p&gt;
&lt;p&gt;And this jives with the cost of healthcare overall as a percent of GDP (gross domestic product).  As a nation, we spend much more on healthcare than any country, including Switzerland:&lt;/p&gt;
&lt;p&gt;USA 17.1 (% of GDP)&lt;br&gt;
Switzerland 11.7&lt;br&gt;
France 11.5&lt;br&gt;
Germany 11.3&lt;br&gt;
UK  9.1&lt;br&gt;
World 9.9&lt;br&gt;
&lt;a href=&quot;http://data.worldbank.org/indicator/SH.XPD.TOTL.ZS&quot; rel=&quot;nofollow ugc&quot;&gt;http://data.worldbank.org/indicator/SH.XPD.TOTL.ZS&lt;/a&gt;&lt;/p&gt;
&lt;p&gt;It is not the fault of Obamacare, or the insurance industry or anyone else!  Medical research and medical progress is centered in the USA and this has led to new inventions and new companies and an entire new biotech industry.  The consumer (patient) wants all this new stuff, advertised on TV and elsewhere, with promises of living a longer and a less tortured life! However, the consumer doesn’t want to pay and balks at every step: high insurance premiums, high hospital costs, high physician costs, high taxes, etc.&lt;/p&gt;
&lt;p&gt;D&lt;/p&gt;]]></description>
			<content:encoded><![CDATA[<p>I heard that in Switzerland they pay 7-15% of gross income for health insurance. In the US the estimates range from 10-20%.  17.25 percent is quoted here <a href="http://budgeting.thenest.com/percentage-income-americans-spend-health-insurance-31914.html" rel="nofollow ugc">http://budgeting.thenest.com/percentage-income-americans-spend-health-insurance-31914.html</a>.  </p>
<p>And this jives with the cost of healthcare overall as a percent of GDP (gross domestic product).  As a nation, we spend much more on healthcare than any country, including Switzerland:</p>
<p>USA 17.1 (% of GDP)<br />
Switzerland 11.7<br />
France 11.5<br />
Germany 11.3<br />
UK  9.1<br />
World 9.9<br />
<a href="http://data.worldbank.org/indicator/SH.XPD.TOTL.ZS" rel="nofollow ugc">http://data.worldbank.org/indicator/SH.XPD.TOTL.ZS</a></p>
<p>It is not the fault of Obamacare, or the insurance industry or anyone else!  Medical research and medical progress is centered in the USA and this has led to new inventions and new companies and an entire new biotech industry.  The consumer (patient) wants all this new stuff, advertised on TV and elsewhere, with promises of living a longer and a less tortured life! However, the consumer doesn’t want to pay and balks at every step: high insurance premiums, high hospital costs, high physician costs, high taxes, etc.</p>
<p>D</p>
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