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There was a time when there was NO "social" spending. It was handled by the local folk and family.
Have to say, I'm not even remotely surprised
Originally posted by Skerrako
reply to post by felonius
There was a time when there was NO "social" spending. It was handled by the local folk and family.
.....Which is social spending right? Just because it's local doesn't omit it from being categorized as spending
Originally posted by felonius
reply to post by Skerrako
There was a time when there was NO "social" spending. It was handled by the local folk and family.
This crap all happened under roosevelt.
Private social health spending is a major spending item in the United States and increasing health
care costs since the 1980s contribute to the trend increase in private social spending.
Private social expenditure: trends and composition - There are considerable differences across countries in the extent to which social protection
systems rely on private provision. In 2005, gross private social spending was highest at just over 10% of
GDP in the United States. By contrast, private social spending as recorded in SOCX amounted to less than
1% of GDP in the Czech Republic, Hungary, Luxembourg, Mexico, Poland, New Zealand, Spain and
Turkey. In some OECD countries, the role of private social benefits has increased in recent years,
especially in Canada, the Netherlands and the United States
In the absence of a public health insurance system with universal coverage for workers, private
health spending is most important in the US: employer-provided health benefits to their workers,
dependents and retirees were estimated to be USD 685 billion in 2005 or 5.6% of GDP (these expenditures
do not include payments by individuals for health services). In 2005, total health expenditure was highest
in the US at 15.7% of GDP and Switzerland (11.2%) and France (11.1%), compared to 8.9% of GDP on
average across the OECD (OECD, 2008a). Relatively high health expenditure in the US leads to total
social spending in the US being close to the OECD average (Table 4.2).
56. Non-health private social cash transfers to the working age population include mandatory
employer-provided incapacity-related cash transfers – sickness, disability and occupational injury
benefits – as, recorded for Australia, Austria, Denmark, Finland, France, Germany, Iceland, Korea,
Luxembourg, the Netherlands, Norway, Portugal, Sweden, Switzerland, the UK and the US (in some
states). Other examples of private social benefits include: supplementary unemployment compensation in
the US, employer-provided childcare support in the Netherlands and employer payments during parental
leave periods in many countries.
Update: I used some information that has since been corrected on the original site, Business Insider. It turns out that the United States spends 16.2% of our GDP on social programs, NOT 7.2%
Ray Medeiros on April 17, 2011 at 9:44 pm
I apologize for the original post everyone. The numbers referenced on Business Insider were skewed at first. After publishing this article, I did a little more research into how OECD came up with their numbers, which is when I found how skewed the numbers were on the BI site.
I contacted the BI author and he, along with myself made the proper corrections. My deepest apologies again. It will not happen in the future. Thank you for understanding!
Originally posted by Skerrako
Out of everything I have seen in the past few years, this makes me the most upset. Our 'great country' is starting to abandon our most fragile citizens, and that spells disaster in any country.