In a previous post, I estimated that the USA pays an unneeded $4,000 per person per year on healthcare. Using my rule-of-thumb that there’s 1/3 of a billion people in the USA, that amounts to $1,333 billion per year in excess spending. Why are we wasting that much money?
The healthcare industry spends millions on lobbying politicians. According to OpenSecrets, in 2016:
That amounts to roughly $660 million or $0.66 billion. If that’s the investment and the return is $1,333 billion, then the return-on-investment (ROI) is 201,970%. That’s a LOT better than then 5 to 7% ROI that I expect in the stock market.