A Boring Dystopia

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Obamacare enrollee sees premium spike over 300% as sign-up period begins: 'This will devastate us' (abcnews.go.com)

submitted 5 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] Vex_Detrause@lemmy.ca 1 points 4 months ago (2 children)

Why would GDP drop if people stopped having insurance? (Serious question)

[–] imapuppetlookaway@lemmy.world 4 points 4 months ago (1 children)

I'm no expert, but i suppose because it reduces the flow of money - fewer transactions (people not getting healthcare, not billing insurance, insurance not paying for healthcare given to people because they're not getting any healthcare) = reduced total domestic product. Whether it's reduced by a measurable amount is another question.

[–] KyuubiNoKitsune@lemmy.blahaj.zone 2 points 4 months ago

I think also the fact that sick people usually don't work, and in the US they don't get paid when sick, so less money available to be spent.

[–] humanspiral@lemmy.ca 2 points 4 months ago

both your insurance payments and healthcare costs/wages count as GDP.