Hi, everyone! Today's @BV post is the one you've all been waiting for...Noah Smith's economic policy platform!https://www.bloomberg.com/view/articles/2017-08-17/13-ways-to-strengthen-america-s-economy …
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When govt pays 70%, it has all the bargaining power, and so can force prices down pretty easily. Medicare is similar...
Hm. A quick google suggests very low medical bankruptcy in Japan. But perhaps hard-to-change structural reasons why their care is cheaper.
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I.e., same system in the US might cause greater medical bankruptcy (which I use as a proxy for unaffordable healthcare.)
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Maybe. But I think paying 100% of catastrophic costs will greatly reduce that.
End of conversation
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