I personally believe, the more I research it, that we could see a truly *massive* increase in consumption in the US if we truly alleviate the worries of healthcare.
— Charlie Maguire (@ChuckMaguire) July 27, 2020
I believe this too, especially since healthcare is most like a Giffen good. And it exerts a massive direct and indirect drag on the entire economy. The direct drag is just how expensive it is and the indirect is people not wanting to change jobs, or quit bad jobs, because they will lose their health care.
And people like me who can afford it who keep way more in reserve in savings and investment vehicles in case a health crisis occurs.