[quote=livinincali]
What are you talking about. A recession is a reduction of GDP by definition. Health care spending is included in the measurement of GDP. If GDP is 15 trillion and health care is 3 trillion of that then reducing health care spending by 1 trillion reduces GDP by 1 trillion. Therefore you have a recession by definition. Now that recession might be short lived once the economy reallocates itself but it most certainly will take some time for the economy to reallocate itself. [/quote]
You are assuming that single payer will reduce GDP. Any economic model (or any evidence at all) that this will happen? I think there is no evidence that insuring 20 million additional people will reduce GDP, even if healthcare spending per person declines. Other than profit made by private insurance companies, private hospitals and pharma companies, I doubt there will be any hit to the economy. To the contrary, it would be beneficial to much of the economy.
