[0] https://www.aei.org/carpe-diem/chart-of-the-day-administrati...
This is one of the proposed ways to pay for things like universal health care.
Additionally, your citation (https://www.aei.org/carpe-diem/chart-of-the-day-administrati...) is about public schools, not colleges and hospitals as you suggest.
So now it's a tough spot. On once hand, if you apply the Medicare caps universally, many hospitals will go belly up. If you remove the caps and let them bill whatever they want, you will end up with a rapidly growing hole in the budget.
I would say, instead we need a solid system of rules on what you can and cannot bill, some auditing body and a way for the patients to dispute inflated bills at an affordable cost. Whether it goes out-of-pocket or from a tax-filled fund is IMHO not as important as the cost audit/dispute mechanisms.
IOW, more administration. Didn't this thread start with a complaint about administrative cost?
There are many examples of successful universal medical systems with different trade-offs that have been refined over the last 50 years. Canada, Britain, Germany, Switzerland, etc. Choose the set of trade-offs you prefer and copy it; reinventing the wheel is likely not going to end well.
Education is poorly funded? We spend more per student than any country except Norway as of 2015: https://nces.ed.gov/programs/coe/indicator_cmd.asp
The education system is not poorly funded. The money is poorly and inequitably allocated, and the system is poorly run.
Every SpecialEd teacher and student would politely disagree with you. Not every aspect of education is funded differently, even when factoring i’m better budget management.
https://www.theguardian.com/us-news/2018/sep/07/us-education...
Huh? Currently on mobile so I don’t have the CBO file to link but I will when I get to my PC.
Anyway, Healthcare spending is not actually “too much” and instead is too low. When we expanded Medicaid and implemented the ACA, estimated costs were below actual cost by hundreds of billions to one trillion dollars due to the unknown number of people accessing healthcare. Healthcare is the one area in which there is not enough money being spent on lower income brackets and Medicaid/Medicare users.
[citation needed]
Granted, I can only speak for myself, but when I hear the word "infrastructure" I'm picturing a smörgåsbord of different things:
- Roads
- Bridges
- Tunnels
- Rail lines
- Canals
- Levees
- Electrical delivery (power lines, distribution boxes, etc.)
- Telecommunications delivery (data lines, radio towers, etc.)
- Fuel delivery (pipelines, refineries, storage, etc.)
- Water delivery (pipelines, aqueducts, reservoirs, wells, desalination plants, etc.)
- etc.
This is consistent with Wikipedia's definition of "hard infrastructure" (as opposed to "soft infrastructure", which focuses on institutional structures/organizations).
By not bankrupting them as soon as they get sick.
By giving them an opportunity to go to college and improve their economic standing without taking on six figures of debt.
By giving them access to affordable reliable public transportation so they don't have to deal with the huge expense of owning a car.