RSSComponents of Gross Domestic Product
National Health Expenditure measures the total amount spent in the U.S. to purchase healthcare goods and services during the year. The amount invested in medical sector structures and equipment and in non-commercial research in the United States is also included.
4 Responses to “Components of Gross Domestic Product”
Leave a Reply
You must be logged in to post a comment.
June 17th, 2008 at 12:28 pm
Government paid universal health care like the Taiwanese have will take care of Medicare and Medicaid. See:
http://www.pbs.org/wgbh/pages/frontline/sickaroundtheworld/
According to Dr. HONGJEN CHANG, Taiwan spends some 6.23 percent of GDP on health care. America’s GDP is about $14 trillion and spends 16 percent on health care, about $2.24 trillion. If America adopted Taiwan’s Health Care System and spent 8 percent of GDP for universal health care, that is only $1 trillion, less than half. Universal health care is the key to America’s companies and employees staying competitive in the world market.
It is also note worthy that $1 trillion is less than 3 percent of the household net worth over $1 million for every taxpayer. In other words, people with a net worth under $1 million would not pay for universal health care if we taxed net worth over $1 million to pay for it.
June 18th, 2008 at 11:03 am
People will give up everything else to continue living. The health care providers know this, and so charge “what the market will bear” - giving back less than 1% as P.R. to fund the most destitute receiving care that is overpriced for everyone.
And additional trouble is tort law - the handling of medical malpractice suits and “punitive damages” in courts. Under the current system, the medical provider, and anyone associated with the mistake, is charged far and away above the actual harm value, in order to “teach them a lesson” - to punish them. Such a ludicrous idea leads to ludicrous expenses for malpractice insurance, and crazy signs telling you not to be an idiot, in legalese.
June 21st, 2008 at 2:38 pm
Try to file a civil suit against an M.D. in Taiwan who botches your proceedure, sorry, can’t happen. If you don’t mind giving up your current system of hiring an ambulance chasing attorney every time your feelings get hurt, then the Taiwanese system may work, but how about something less radical? Rather than adopt a system that may work fine in a culture where professionals such as M.D.s are held in such high esteme that it would be unthinkable to want to “punish” them, let’s try some rational tort reform in this country. Americans challenge authority, Asians respect authority. Taiwan won’t play in Peoria, but Peoria should not expect to win the lotto with a lawsuit against a doctor, hospital, nurse, lab tech, and parking lot attendant at their local hospital.
July 10th, 2008 at 10:59 am
Perhaps this is not the right chart to make the statement, however it is important enough that it will, in effect, eventually make a great change in the GNP chart.
We have a NATIONAL EMERGENCY due to the price of fuel. We all know the money going to the Arab nations is for oil. Recently it has come out that WE HAVE oil. We have more oil than the Arabs. This is a national emergency that has been going on for more than a couple of years. Knowing we have more oil than the other side. This should be treated as a national emergency just as we did in World War Two. We should be having hundreds of teams out there pumping oil. Well, of course it takes time and someone needs to oversee the attack on this emergency. This is a National Disgrace.
Congress has allowed this to happen and is not moving on it. We could be pumping OUR oil at around $18/barrell, some say less than that. This would have saved many compaies that have gone bankrupt due to fuel price. This is a disgrace.
We have got to get this moving. Show and tell is perfect….show the oil, show why we have been decieved. Put the blame on those responible. We must get this going as a National Emergency or we will be seeing $10/per gallon at the pump. The time is short.
Robert D. Bibnzer
Madison, Indiana