How health care quietly powers the U.S. economy | Michael Dowling

How health care quietly powers the U.S. economy | Michael Dowling

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44 thoughts on “How health care quietly powers the U.S. economy | Michael Dowling

  1. This is how it works:
    Medical insurance companies suck as much money as possible from you, whereupon you are able to go to a doctor or hospital who sucks as much money as possible from the insurance company and you.
    Doctors don't know their asses from a hole in the ground, so they either maim you for life, and/or pile on useless, exhorbitantly priced "medication" that causes more problems, whereupon the drug companies suck as much more money as possible from your insurance and from you.

    And then, hopefully and mercifully you die……

  2. This is why so many people are sick. #pharmedanimals
    "Healthcare Services" are not actually healthy. A healthy individual avoids the need for such billable "services." Medicine is not health. It's treatment. Avoiding the need for treatment is health. Few in the Western world know how to take personal responsibility for their health. They are farmed to outsource their health problems to "service" providers. The doctor sells salvation through treatment as the pastor sells salvation through the church. #cutthemiddleman #pharmedconsumers

  3. I feel like the comments are discussing health insurance while he's talking about healthcare, like the people who actually work in the hospitals as doctors, nurses, radiologists, cooks, cleaners, administrators, etc. I can see how healthcare would be a large job creator as it seems they need every kind of worker to run a hospital haha

  4. Types of comments:

    1. “I know what’s best for Healthcare as a whole and it should be single-payer!”

    2. “Big Pharma and Insurance is entirely corrupt!”

    3.”Just live a healthy lifestyle and you don’t need these Healthcare institutions!”

    For me, it’s a little bit of everything. Bad and good. Unfortunately, we can’t just change the system to simulate any of these blanket arguments because that would involve impacting millions of lives. All we can really try to do is build the case as detailed as possible for why healthcare should change course in any specific direction.

    One big theme I agree with for the most part is the incentives to do this work. Regardless of who makes what money, we need a major overhaul in reevaluating why we have healthcare and ask how can we build a better future for it?

  5. correct me if i'm wrong but all of the criticisms in the comments seem to be talking about the efficacy of american health care but the point in the video is health care's economic implications and ultimately it's large infrastructure for a myriad of industries within. I think an interesting perspective in our economics as a country but unfortunately, i think, serves the point of a country that doesn't put humanities as a relatively important factor

  6. It should not be a business, it should be a basic right, health care companies that are doing it for money over the health of people can go fuck themselfs.
    Private health care is criminal, it was made for money, not for the good of the people.

  7. BigThink on health.
    The US spends 17.2% of GDP on health, Europeans 10-11%.

    In this Gates Found. study (Lancet) the US ranks #29.

    Iceland #1 Norway #2 Netherlands #3 Finland #6 Sweden #8 Denmark #17.

    The big difference: in Europe the health system is universal, for all. Tax financed.

    In the US it is ''free' only if you earn enough to pay your private insurances.

    Source https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(18)30994-2/fulltext

  8. Nice to see healthcare industry propaganda masquerading as thoughtful discourse. Of course monopolies and oligopolies employ a lot of people—they're often the only or largest local industry, and in a meta-sense they recognize their vulnerability to regulation (and thus their need to maintain a positive image). That has nothing to do with providing efficient and competitive healthcare, however, and in fact accomplishes the opposite.

  9. The Left's hysteria to make all healthcare government run, in part to reduce costs, would mean that the women and minorities who make up most of the workforce will be paid less or be fired. It would mean the end of union hospital staffs.

  10. Great to know but I can't afford insurance even though I work 40 hours a week. Thanks greedy insurance CEO'S

  11. This is EXACTLY why healthcare shouldn't be privatized. You think our current system cares about or is even modeled for people over profit? You would have to be disgustingly naive to believe that.
    It's about damn time that we catch up with the rest of the developed world.

  12. How about paying the working poor what they're worth?
    More money for the hard working poor, would reduce their visits to the hospital.

  13. Oh my gosh, rich people working at rich companies, have more money than other poorer companies. Jesus Fucker, No shit Sherlock! But most people can't afford their extreme cost!
    The poor community would have more money, if they weren't ripped off by the heath industry.

  14. Buddy, it's not worth the money we all spend on your "job growing." Current system of health care in US is not sustainable, is the least efficient in all of developed world, and is also the most expensive (as percentage of GDP).

  15. There are 4 big hospitals in my city. All 4 are doing major construction. 3 are owned by one holding/management company. The other big one and 2 smaller ones are owned by another. Go figure.

  16. Screw sick people! We need to continue to subsidize the turtlepoop out of health care so we can have more laundry jobs and lunch ladies. Think of the people who make hair nets and dryer sheets. Health care keeps those people afloat.
    Thanks for your contribution health care!

    Remember when financial institutions were the most contemptible? I kinda miss those days.

  17. No guy you're wrong. Healthcare is a blight on the economy. It's not helping the economy. It's burdening the economy. Do us a favor and quit your job. Moron.

  18. This statement is so true. My family WERE steel workers. I have earned a living fixing CT, MRI, C Arms, surgical robots, even EMR Electronic Medical Records, interrupted for 5 good $ years by the .com boom- and went right back into healthcare without blinking an eye in the recession of 2002-3. Steel mills in Youngstown and Pittsburgh Steubenville and Cleveland all went kaput in the 70s and finalized by 2000s. President Reagan was building the military industrial complex, they needed engineers. Midwest is a shell of what it was, but healthcare technology employment is the only thing I found where you could make a good consistent living. And H1B applicants flood that field now too, minimum payment of 60k. Wages went down for healthcare field service engineers around 2005, and have been stagnant. What else is new in the US? LOL. The MIC needs constant war, the US is now a Corptacracy where Corporations are king, financed by the working mans taxes, while Warren Buffet pays none, GE pays none, and the board members and families of the corporations (with new lower taxes of course Thanks congress!) can buy back shares to $tuff their stock awards compensation rather than capital equipment purchases and hiring. Plot the charts of BA RTN NOC UNH ANTHM CNC (yes the insurance company middle men). Plot the military industrial complex and healthcare insurance companies vs the SP 500 and you'll see what is wrong with America. You pay more for your healthcare while UNH stock goes up vs the SP500. Numbers/charts don't Lie. Up 248% vs the SP500) etf (SPY) the last 5 years. Plot RTN or Boeing or NOC Northrop Grumman vs the SPY the military industrial complex rakes it in off of your taxes. These stock charts will tell you what's wrong with the US.

  19. He doesn't mention anything about insurance. I think he is right, healthcare is a wonderful field that employs so many people and should be getting way more funding and expansion. We need to be encouraging people to pursue jobs in the industry, especially encouraging people to become Doctors. We can do this by lowering tuition costs for college, and a medicare for all system where we eliminate a large chunk of wasted money from dealing with billing insurance companies. Private healthcare is perfectly capable of coinciding with government funded insurance.

  20. Our Nation (USA) would spend less on healthcare if we ended private insurance and moved towards single-payer (universal ) health care.

  21. And yet, with all that, USA pays twice as much as most developed countries for outcomes that are markedly inferior in a number of areas.
    p.s. look into child mortality. now look at the demographics in that data. shocking … precisely along race lines.

  22. Coming to the UK via #brexit the @conservatives & a trade deal AKA NHS up for grabs with Orange man dumpff rubbing his hands

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