> senior voters and their healtcare - paid for by the majority, but since seniors vote more, they favour the candidate serving their interest - at the expanse of the majority
It's difficult to see how this is at the expense of the majority since it's not exclusive: the majority will eventually become members of the beneficial group. I.e., why not have a policy that benefits the elderly since most of us will one day be elderly?
You have to remember that the incentive is to create a benefit for today's group, whether or not it is sustainable in the long run.
If I were a senior, I could vote in benefits that today would benefit me, but create enough budget pressure that later groups would receive benefits that are worse than what I receive now.
Also, overall health situation tends to deteriorate as one ages, so seniors as a group would need more healthcare dollars per capita compared to the younger population groups. No wonder healthcare becomes one of the most important issues for seniors.
No- healthcare is an investment with a negative interest rate, ie you can only try to maintain your capital if you keep investing more and more - with a diminishing return since it ends in death anyway (with the current technology)
In this specific case, a better investment strategy is to put the money where you will get the most of it, i.e. on the health of people still young, and reduce the investment as the people age.
I don't know about the economic soundness of the argument, but it is so cold hearted that I would immediately emigrate from any country where this was the driving force behind government policy.
It's not about being cold hearted - it's a fact of life. We die. And before we die we cost a lot of money - for unfixable problems.
We also have health problems when we are young. All things being equal, we are also more likely to take advantage of healthcare "done" at a young age than at an older age - if only because of the longer lifespan.
I can't see any logic behind medicare - money should be spend on young adult so that they can become productive again, not on old retired people.
If we had technology to make death avoidable or just far away enough than say being 80 became being young, it would be wise to spend healthcare money on 80 years old.
At the present time it is not.
If you feel like emigrating from a country where this became government policy, I would feel like immigrating to that country, if only because of the better economic prospects removing part of the healthcare "tax" would bring - and hopefully the other good policies that might come from such a country.
And BTW I'm not at all against spending money for healthcare of 80 years old people (and I hope I'll be 80 years old someday!) as long as it is their money. Not tax money, not my money ? Then it's not my problem either.
You know the saying - it is far too easy to spend other people money.
It's difficult to see how this is at the expense of the majority since it's not exclusive: the majority will eventually become members of the beneficial group. I.e., why not have a policy that benefits the elderly since most of us will one day be elderly?