Monday, July 13, 2009

The cost of no public option

There's a lot of arguing about the cost of the public option. The plan put forward by the HELP committee, is expected to cost $600 billion. The numbers (plucked from extremely well researched thin air) by the GOP insist the final number will be well above a trillion.

But what does it cost us to not have a public option?

Some of the costs of not having a public option are simple to calculate, but immeasurable in value. Infant mortality rates in the United States are 6.37 deaths/1,000 live births. A sampling of other industrialized nations with public health care finds the United Kingdom at 5.01 deaths / 1,000 live births. Canada at 4.63. France at 3.41. If the United States infant mortality matched that of the United Kingdom, just under 6,000 fewer infants would have died in the United States last year. If we could match France around 13,000 fewer infants would have died.

Let's move to the other end of the spectrum. As of 2009, life expectancy in the United States is 78.11 years. Which sounds pretty good, until you realize it puts us one slot above Albania. For the United Kingdom, this number is 79.01 years. For France it's 80.98. For Canada, 81.23. for the United States, that means about 270,000,000 years lost compared just to the slightly better numbers of the UK. 936,000,000 years lost compared to Canada. Want to stick a monetary value on it? Say that just a fourth of these Americans in their golden years are pulling down 20 hours a week and getting minimum wage to wave you into the local big box or bag your groceries. That's $442 billion worth of time lost compared to the UK. About $1.5 trillion lost if those workers had lived as long as Canadians.

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The full article:

http://www.dailykos.com/storyonly/2009/7/7/750936/-The-cost-of-no-public-option

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