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We want a system of transfers that help the rest, the people who are unlucky, enjoy a reasonably secure life".
To understand why, it helps to think of American health care as a system of transfers and subsidies.
Instead, the current system of transfers offers to the poor various sops in place of more effective reforms.
But in the medium term fiscal solvency depends mainly on reforming both the system of transfers from the centre to local governments and the country's state pension schemes.
The EU could learn from the Swiss "equalisation fund" (about 0.8% of GDP), which creates a transparent system of transfers from richer to poorer regions.
Obamacare merely seeks to make this system of transfers and subsidies more equitable.It does this by having the wealthy subsidise the poor with new taxes that, in part, fund expanded Medicaid but also by having the healthy subsidise the sick and the young subsidise the relatively old.
Similar(48)
The proposed system of transfer stations also fell through, mainly because of community opposition.
Canada's health industry operates on a system of transfer payments.
Compared to the laborious process of replacing an American President, the British system of transferring power is very rapid.
In Kenya M-PESA, a system of transferring money over phones, is an everyday, reliable utility.
Correction: October 5, 2001, Friday Articles on Wednesday and on Sept. 20 about an underground system of transferring money internationally mistranslated the term "hawala," by which it is known.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com