THE FINANCIAL COLLAPSE OF
2007 IN 2008
WAS DEVASTATING IN A NUMBER OF
WAYS THAT WERE AT THE TIME
AND REMAIN INCREDIBLY OBVIOUS.
WE SEE THE PEOPLE WHO ARE
UNEMPLOYED AND THE
GOVERNMENTS EXPERIENCING HUGE
BUDGETARY PROBLEMS AS A
RESULT OF THE DISRUPTION OF
BUSINESS, BUT THERE WERE OTHER
MORE SUBTLE EFFECTS OF THOSE
COLLAPSE THAT WE ARE ONLY NOW
STARTING TO LEARN ABOUT LIKE FOR
INSTANCE, THE RISE IN THE NUMBER
OF CANCER DEATHS THAT WERE THE
RESULT OF THAT COLLAPSE.
THE IMPERIAL COLLEGE OF LONDON
DID A STUDY AND THEY FOUND
260,000 EXCESS CANCER DEATHS IN
THE OECD COUNTRIES BETWEEN
2008 IN 2010.
260,000 WHO WOULD NOT HAVE DIED
OF CANCER WHO DIED AS A
RESULT OF THAT FINANCIAL
COLLAPSE.
YOU MIGHT SAY HOW THE HELL COULD
THEY POSSIBLY KNOW THAT AND
HOW COULD HAVE HAD THAT AFFECT?
WE ARE GOING TO BREAK DOWN IN
THIS VIDEO BUT FIRST OF
ALL, IF IT IS TRUE INSIDE THE
OECD, GLOBALLY THEY
BELIEVED THERE WERE OF THEIR
5000
EXCESS CANCER DESK DURING JUST
THOSE COUPLE OF YEARS.
HALF 1 MILLION PEOPLE WHO DIED
WHO WOULD NOT OF DIED THAT
DON'T KNOW THAT THEIR DEATH
CAN BE TRACED BACK TO THE
FINANCIAL COLLAPSE THAT WHEN
PEOPLE WERE MAKING THE
DECISIONS THAT LED TO A, THEY
DIDN'T KNOW THEY WOULD BE
KILLING HALF 1 MILLION PEOPLE TO
THEIR ACTIONS, BUT THEY DID.
WHEN YOU BREAK IT DOWN INTO
INDIVIDUAL AREAS, FOR THE
EU THERE IS 160,000 ADDITIONAL
DESKTOP FOR THE UNITED STATES,
18,000 AND FOR FRANCE HUNDRED.
INTERESTINGLY FOR SPRING IN
BRITAIN WHERE THEY PROVIDE
UNIVERSAL HEALTHCARE THERE WERE
NO ADDITIONAL DESKTOP THEY FOUND
THAT INCREASED UNEMPLOYMENT WAS
ASSOCIATED WITH INCREASED CANCER
MENTALITY BUT THE UNIVERSAL
HEALTHCARE PROTECTED AGAINST
THOSE EFFECTS THAT WAS
ESPECIALLY THE CASE ARE
TREATABLE CANCERS.
HOW IS THIS HAPPENING?
THEY FOUND THE EVERYONE PERCENT
INCREASE IN UNEMPLOYMENT
WAS ASSOCIATED WITH .37
ADDITIONAL CANCER DEATH FOR
1000 PEOPLE AND EVERYONE PERCENT
DROP IN HEALTHCARE SPENDING
WAS ASSOCIATED WITH WITH .005
TRADITIONAL DESPERATE HUNDRED
THOUSAND PEOPLE.
THAT SEEMS LIKE SMALL BUT WHEN
YOU TALK ABOUT THE WORLD
POPULATION OF BILLIONS IT ADDS
UP.
THERE WAS A MASSIVE INCREASE IN
UNEMPLOYMENT, THE UNITED STATES
SO SIGNIFICANTLY, AND THERE WAS
DROPS IN HEALTHCARE SPENDING.
PEOPLE COULD NOT AFFORD TO GET
THE CARE, ESPECIALLY FOR
EASILY PREVENTABLE AND TREATABLE
CANCERS LIKE THE ONES
ALREADY LISTED AND THOSE PEOPLE
THEN GO ON TO DIE WHEN THEY
DIDN'T HAVE TO.
THIS IS OBVIOUSLY A GLOBAL
ISSUE AND IT IS INTERESTING
BECAUSE YOU HAVE A CASE STUDY
WHERE YOU CAN COMPARE
COUNTRIES WITH UNIVERSAL HEALTH
INSURANCE TO COUNTRIES THAT
DON'T HAVE IT, SO THINK ABOUT
WHAT HAPPENED TO THE UNITED
STATES DURING THIS FINANCIAL
MELTDOWN.
YOU DON'T EVEN HAVE TO THINK
ABOUT IT ON A GLOBAL LEVEL
IF YOU WANT TO FOCUS ON A
SPECIFIC COUNTRY.
UNIVERSAL HEALTHCARE DOES NOT
EXIST IN THE UNITED STATES.
YOU GUYS KNOW THAT OUR
HEALTHCARE SYSTEM IS
EXTREMELY SCREWED UP WHERE WE
PAY FOUR TIMES MORE FOR
PHARMACEUTICAL DRUGS THAN OTHER
COUNTRIES LIKE CANADA FOR
INSTANCE, AND SO IF YOU NEED TO
TAKE OR USE CANCER FIGHTING
DRUGS AS TREATMENT, YOU DON'T
REALLY HAVE ACCESS TO IF
YOU ARE UNEMPLOYED OR IF YOU
DON'T HAVE ENOUGH MONEY FOR.
YOU PROBABLY DON'T EVEN HAVE
HEALTH INSURANCE.
I WILL GIVE YOU AS AN EXAMPLE
OF SOMETHING DIET IS NOT
CANCER BUT IT IS STILL RELEVANT.
WHEN MY MOM NEEDED DIALYSIS
TREATMENTS, SHE HAD INSURANCE
AND SHE WAS PAYING A LOT OF
MONEY PER MONTH FOR IT I THINK'S
$2000 A MONTH FOR INSURANCE, AND
THAT'S JUST HER DEDUCTIBLE.
KEEP THAT IN MIND.
THAT'S RENT FOR A LOT OF
PEOPLE.
THE INSURANCE COMPANY DID NOT
WANT TO COVER THE COST OF HER
DIALYSIS WHICH SHE NEEDED THREE
TIMES A WEEK IN ORDER TO LIVE.
REMEMBER, DIALYSIS BASICALLY
CLEANS THE TOXINS OUT OF
YOUR BLOOD WHICH IS WHAT YOUR
KIDNEYS ARE SUPPOSED TO DO
BUT HER KIDNEYS WERE NO LONGER
FUNCTIONING.
IF YOU ARE POOR, IF YOU DON'T
HAVE THE RESOURCES TO PAY
FOR THOSE TREATMENTS YOURSELF,
YOU ARE GOING TO DIE.
WE LIVE IN A COUNTRY THAT IS
LETS YOU DIE.
UNEMPLOYMENT DOES HAVE A STRONG
CORRELATION TO DYING OF
HEALTH-RELATED ISSUES.
OF COURSE IT DOES.
ESPECIALLY IN A COUNTRY LIKE
THE UNITED STATES READ HAVE
UNIVERSAL HEALTHCARE.
REPUBLICANS WITH A TRADITIONALLY
ALL WE HAVE EMERGENCY ROOMS.
THAT MAY HELP IF YOU SHOT IN THE
HEAD DIET DOESN'T HELP YOU
IF YOU NEED DIALYSIS EVERY WEEK
FOR THE REST OF YOUR LIFE.
IT DOES NOT HELP WITH
TREATMENT.
THIS IS WHY WE STILL HAVE
MILLIONS OF AMERICANS WHO
DON'T HAVE HEALTH INSURANCE.
WE HAVE SOME CANDIDATES WHO WANT
TO QUICKLY AND FULLY CLOSE THAT.
SOME WHO SAY VAGUELY THAT THEY
WILL DO SOMETHING ABOUT IT,
AND OTHERS HAVE NO INTEREST IN
IT.
THE REASON WE COVER THE STORIES
TO JUST GIVE YOU AN IDEA OF THE
USUALLY UNSEEN EFFECTS OF THESE
BROAD TRENDS WHEN THINGS LIKE
THE ECONOMIC COLLAPSE HAPPENS,
IT LITERALLY IS LIFE OR DEATH
FOR MANY PEOPLE EVEN IF THEY
NEVER KNOW AND WE NEVER KNOW IT.
YOU COULD DO HUNDREDS OF THESE
DIFFERENT THINGS.
IF WE CHANGE THE WAY WE POWER
OUR HOMES, THE WAY WE GET
AROUND IN TERMS OF
TRANSPORTATION, THOSE
THINGS HAVE IMMEDIATE IMPACTS
AND LONG-TERM IMPACTS ON THE
WORLD'S POPULATION AND SOMETIMES
IT IS LITERALLY LIFE OR DEATH.
