Universal health care drives the economy
Employment, spending linked to access.
May 14, 2009 — Universal health care is a cornerstone of smart economic policy.
Take, for example, the effect of guaranteed health care on economic activity, business expansion or the public's sense of wellbeing.
If a worker in Canada or Europe or Japan loses his or her job this recession, it's a psychological and financial blow.
But if an American loses his or her job, the family faces financial ruin if sickness strikes any member because they are without healthcare coverage. Bridge coverage is available but unaffordable for anyone but the wealthy. Worse yet, if a major illness is diagnosed during unemployment, a worker becomes unemployable, bringing about a life sentence of poverty.
Little wonder, then, that consumer spending has ground to a halt in the United States, which makes the economic meltdown that much harder to combat or ever solve.
This underscores the fact that universal health care is not just smart and fair social policy but it is also smart economic policy.
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Links and sources
Health care is good for the economy, by Diane Francis, National Post, May 14 2009
Posted: May 21, 2009
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