Originally posted by: Athena
Factual Background:
National Healthcare Insurance in Taiwan was implemented in 1995. At that time, more than 40% of the population was uncovered and costs were rising about 13% per year. As of 2008, 97% of the population was covered, and cost escalation was estimated at 5% per year. Taiwan actually has the lowest administration rates of any system and costs the country about of GDP
In 2008,
fourteen years after the national healthcare system, the CIA estimated the Taiwanese debt at less than 31% of GDP or $280 Billion. So, with the facts at hand, I read...
Originally posted by: blackangst1
Check out Taiwan's debt some time since institutiong their current plan. Hits a trillion this year, and growing. Sounds like a fantastic plan to me
The article you cite as evidence of that states:
"The deficit has been propelled by the huge sum the government has spent to combat the recession and financial crisis, combined with a sharp decline in tax revenues. Paying for wars in Iraq and Afghanistan is also a major factor."
Not a single word about health care as a contributor to the rising debt...
not one word.
So, although it is true that the national debt has risen to 1 Trillion in the past year and that last year does qualify as "since" NHI was implemented, it is misrepresentation and obsfucation to imply as you did, that the escalating debt in Taiwan has had anything whatsoever to do with the healthcare system.
What I took away from that article was that the Taiwanese debt escalation was due to the same drivers as the US experienced ...with the caveat that problems in Taiwan have not been compounded by individuals loosing their health coverage because of job loss or driven into bankruptcy by medical bills.