Monday, July 30, 2012

Willard M. Romney praises socialized health insurance

In Israel, according to the New York Times, Willard M. Romney praised the cost effectiveness of their socialized health insurance system:
“Do you realize what health care spending is as a percentage of the G.D.P. in Israel? Eight percent,” he said. “You spend eight percent of G.D.P. on health care. You’re a pretty healthy nation. We spend 18 percent of our G.D.P. on health care, 10 percentage points more. That gap, that 10 percent cost, compare that with the size of our military — our military which is 4 percent, 4 percent. Our gap with Israel is 10 points of G.D.P. We have to find ways — not just to provide health care to more people, but to find ways to fund and manage our health care costs.”
For more on the virtues of Israel's health care system compared to ours, here's a link to an excellent article from The Jewish Daily Forward.