For this topic discussion, we have four readings, two of which are from my blog. If you listen to major new media and politicians today, you’d think that healthcare and intergenerational economics would be pretty pessimistic or depressing. In this case, these readings aren’t! You will find some good news.
First has to do with Social Security, the US government intergenerational transfer program that provides the foundation for our senior citizen’s ability to live past their retirement age. It also provides support for those that are disabled and their dependents. While politicians and the media often claim Social Security is going “bankrupt” (actually an impossibility), the truth is quite different. There is no economic, financial, or demographic reason why Social Security won’t be around for you when you retire. The only threat is if politicians choose to eliminate it.
Next, Our World in Data site reports how life is getting longer around the world. Which then leads into an article about how spending on healthcare is related to life expectancy.
And that leads to the last reading: why the US healthcare system is so much more expensive than any other developed nation’s system. It’s insurance forms.
NOTE: If you’re interested in the Social Security topic or Medicare, an analysis of the Affordable Care Act, a.k.a. Obamacare, or Trumpcare (if it happens), you might want to come to the LCC Centre for Engaged Inclusion in Gannon 2nd floor on April 25. I’ll be giving an hour lecture with half-hour discussion of these topics. It’s open to the campus.
As usual, please read. We are interested in your thoughts and reactions to these readings/video. You may participate by blogging on your own blog (remember to categorize it as ECON 260), creating a new post on the front page of this site, or reply/comment here.
Topic 12 – Intergenerational & Healthcare
Thursday, April 13, 2017
- Why Students and Young People Should Care About Social Security https://econproph.com/2011/06/18/why-students-and-young-people-should-care-about-social-security/
- Long Term Trends in Life Expectancy – the good news from Our World In Data
- Link between health spending and life expectancy: US is an outlier from OurWorldInData.org https://ourworldindata.org/the-link-between-life-expectancy-and-health-spending-us-focus
- One Reason US Heatlhcare is So Expensive – Too Many Insurance Companies https://econproph.com/2011/08/13/one-reason-u-s-healthcare-is-so-expensive-too-many-insurance-companies/