@baerskin Iโve been trying to use the โfree size exchangeโ offered since before Christmas. Iโve finally been told to return products (international postage) for refund. Donโt believe a word this company says!
An American goes to the ER for high blood pressure, stays under 24 hours, no surgery, no CT, no MRI, and gets a $41,000 bill. Lovely.
Now hereโs the part people miss when this gets discussed economically: that $41,000 fully counts toward U.S. GDP.
Not because itโs useful, but because GDP counts priced transactions, not value or outcomes.
And it doesnโt stop there.
The system creates additional GDP layers around the same visit. Hospital administrative labor, insurance claim processing, billing departments, compliance and coding, insurer overhead and profit, financial services handling payments and debt, interest if the patient canโt pay immediately.
So one short ER visit inflates healthcare GDP, inflates services GDP, inflates finance GDP, inflates measured economic activity.
Even though nothing extra was medically produced.
This is why US GDP looks larger than countries with regulated or single payer healthcare. In Europe, the same visit might cost a few hundred euros, involve minimal billing, and generate far less economic activity on paper.
Same patient. Same outcome.
Wildly different GDP contribution.
@Geniustechw Absolutely the driverโs fault. Iโm glad there was video evidence. I hope the cyclist wasnโt badly hurt โ was the driver prosecuted?
@RightPulseNewss No - because โfalseโ is sometimes a euphemism for โ not believed.โ A rule like that would sometimes be used against victims who changed their story after intimidation.
@MartinSLewis Surely you should also have an option for โIโm already well provided for and donโt need it?โ A poll with only skewed options wonโt get a fair result, although I doubt many millionaires follow you!