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News Link • Finland

Finland's Government Collapsed Under Weight Of Socialized Healthcare

• https://www.zerohedge.com by Mac Slavo

Healthcare costs, which are high because of governments, have caused the collapse of the Finnish government. Prime Minister Juha Sipila and the rest of the cabinet resigned after the governing coalition failed to pass reforms in parliament to the country's regional government and health services, the Wall Street Journal reports.

Finland, like much of the developed world, faces an aging population, with around 26 percent of its citizens expected to be over 65 by the year 2030, an increase of 5 percent from today.  The strain on the socialized medical system is impossible to ignore, and cannot be fixed by more government interference.

And the problems with socialism continue, as money is taken from some and given to others, eventually, the takers will outnumber the makers.

As an increasing number of people live longer in retirement, the cost of providing pension and healthcare benefits can rise. Those increased costs are paid for by taxes collected from of the working-age population – who make up a smaller percentage of the population than in decades past. -BBC

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