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Podcast: Debunking Economics - the podcast
Episode: The self-induced healthcare trap
Description: In real terms the amount the UK spends on healthcare has risen from £500 in 1970 to £3,000 per person today. That’s a massive increase, but the payback has been that we are living 10 years longer. Ask people if they would be prepared to spend 10% of their income to live ten years longer, most would say yes. Yet we have a real problem in having the government spending more on healthcare.As always, it gets back to the question of where is the money coming from? A government provided healthcare system is funded with government created money. A priv...