this post was submitted on 03 Nov 2024
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As usual with those sorts of memes, the numbers are completely wrong. European nations spend around 11-12% of GDP on healthcare vs about 17% for the US. So you'd likely pay significantly less (about 30% less) with a similar public healthcare system, but far more than this pic pretends.
Remember kids, don't believe everything you see on the internet.
Well yeah but percentage of GDP is just the total spent. The point is that the USA relies primarily on employers paying for the insurance (through a pay cut) whereas in the EU it is generally subsidised with taxes. Which, if you tax fairly, means that the cost of healthcare is better for the average worker (e.g more based on how much any individual earns)
Plus it also means that the government has an actual incentive to keep the insurance companies honest