Tuesday, August 9, 2011

With U.S. Downgrade, Only Countries With Universal Health Care Are AAA-Rated

An interesting side-note from the whole U.S. downgrade debacle - all countries currently rated AAA by S&P have universal health care:

Source: NYTimes.

Hmmm - perhaps the private market (as represented by S&P) doesn't think that providing universal health care is a recipe for governmental fiscal disaster.

Now, I will be the first to point out that correlation does not equal causation (well, perhaps I'll be the second, after xkcd):

Note: the original purpose of this chart was to show how the budget balances itself if Congress does nothing, but it also shows what a large part of the budget healthcare costs are projected to become.

In addition, the U.S.'s health care system is astoundingly inefficent compared to all of these universal coverage systems:

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