19 Jan 2012

People: Smoke! Drink! And go to the doctor!

Isn't that crazy? A blogger writes, "If people lived healthier lives, it would have disastrous consequences for our economy. The gross domestic product (GDP) comprises all economic output. And that, of course, includes healthcare output. And its share of GDP today is around 15%. Now she assumes that GDP would plummet if just a third of us lived healthier lives and incurred lower healthcare costs. By 5%, precisely. But that would be enough to immediately trigger a full-blown economic crisis.


No comments: