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Manufacturing was big in 1990
Health care is the largest employer in most states in 2024.
Too many people are employed in health care, mostly admin folks, not even medical professionals. Bureaucratic displacement.
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Too many people are sick, too.
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Comes with an aging population to some extent but also a function of the corporatization of healthcare, big pharma to big healthcare orgs
Over reliance on third party payment and the third party is either the federal government or state government
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Fat sick young people isn't because of an aging population.
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But the increase in health care employment is in administration not actual practitioners like doctors and nurses
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True, prices wouldn't have risen nearly as much if the supply of practitioners were able to grow. Unfortunately, the AMA is a cartel and artificially limits supply.
21 sats \ 1 reply \ @Bell_curve 22h
At least 50 percent of health care spending is financed by the government or taxpayers
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Wow! I bet a lot of the rest is because of government insurance mandates/incentives.
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The majority of healthcare employees are union members, SEIU, a thuggish organization subsidized by taxpayers
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stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.