The New Yorker has a must-read article about health care. If you can, go read it now.
Their point is that conseratives are treating health care as if it is just another business. A way to make a profit. But health care is not about economics, in fact, it is actually anything but.
Health care is better classified as an investment. Money we spent on health care now pays back handsomely in the future, in multiple ways. Everyone knows that treating an illness or injury early is far less expensive than treating it later after it gets worse.
But there is an even more important return on this investment:
In 1993, the economic historian Robert Fogel wrote an influential paper (it was his Nobel Prize acceptance speech) in which he demonstrated that improvements in health accounted for fully half of the economic growth in the United Kingdom in the first two centuries of the industrial revolution. Because of improvements in sanitation, food production, and medical treatment, people were living longer and spending much less time incapacitated by illness and hunger. Health was more important than railroads, electricity, mass production, and every other technology we more readily associate with economic success.
As if it weren’t obvious, I would rephrase this as “the health of a nation is critically dependent on the health of its people”. Healthy people are more productive.
And when people aren’t spending so much on health care, they have more money to pump into the economy.
Donald Trump promised repeatedly during his campaign that he would replace Obamacare with health care for everyone that costs less. It is time for him to keep that promise. It is the best way he could MAGA.