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Month: December 2012

The way to “save” Medicare is to expand it

If the United States were able to reduce its health care spending from 17.8 percent of national income to a more normal 11.8 percent of national income, we would be spending $905 billion less on health care every year. Obamacare won’t do that. Neither will the Medicare “reform” proposals currently under consideration. Only one policy proposal would bring the US healthcare system into line with those in other countries: Medicare for all.

Sydney-based globalization expert Salvatore Babones is available to speak on the Chinese economy (demographics, growth, technology), the Belt & Road Initiative, global trade networks, and Australia-China relations. Contact: s@salvatorebabones.com