How collectivized health care has to think: Obesity saves money in the long run

How collectivized health care has to think: Obesity saves money in the long run
Pixabay

[Ed. – Peer-reviewed studies and everything.]

Ken Rogoff and David Ludwig have a piece in the New York Times detailing how obesity is such a cost to us all that something must be done. They make a mistake which Rogoff, being an economist and a good one to boot, should know not to make. He fails to look at opportunity costs and thus believes that obesity costs healthcare systems money.

This is not true, obesity saves money. Obesity reduces the costs of running the healthcare system (and pension and retirement systems) precisely because it does indeed kill people. …

[A]s … Chris Snowdon, puts it: “… [E]conomists … understand that healthier lifestyles not only increase healthcare costs but also put a strain on other government departments by raising demand for pensions and social care.” There is even a report on the issue.

Continue reading →

For your convenience, you may leave commments below using either the Spot.IM commenting system or the Facebook commenting system. If Spot.IM is not appearing for you, please disable AdBlock to leave a comment.


Commenting Policy

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.