Posted on 09/16/2020 9:13:53 PM PDT by DoodleBob
“Media has avoided that aspect.”
Have they been transparent about the US costs?
Opioid overdoses are up 50% in my county over same period in 2019...just one example.
Medical costs and fatalities are at worst a wash re the virus outbreak here. And we’ve done nothing like NZ did.
Economic costs are a verboten subject for the media here too.
Their leadership is crazed.
l8r
New Zealand has an ultra liberal, tree hugging female prime minister. She’s a whack job.
In other words, another Gretchen Whitmer.
later
Your next assignment is to compile these same stats for Japan,the ROK,Singapore and Australia! ;-)
Okay, but did NZ give their hospitals an incentive to code all deaths covid-19 like the US/Medicare did?
Medicare paid the US hospitals $13,000 for each covid-19 cause of death. They also received $39,000 when a patient was put on a ventilator.
The covid death count in the USA was absolutely juiced by hospitals to increase revenue when they were being restricted to not having any elective surgeries. Hospital revenues were down substantially. You could not have heart procedures, knee replacements, etc.
So, changing a cardiac arrest death to covid-19 death was a $13,000 additional revenue to the hospital in a time when they needed the money.
Did other countries around the world have a similar incentive from their respective governments?
This incentive increased the covid-19 death statistics in the USA.
Wrong country
“New Zealand has an ultra liberal, tree hugging female prime minister. She’s a whack job.”
And is apparently cruising to an easy re-election today.
Just a quick point, which needs to be made more often:
A decision to suppress the circulation of the virus by restrictive economic and social measures is a POLITICAL decision, not a SCIENTIFIC one.
Science can tell you what will happen with various levels and durations of restriction. There is now a lot of data on that.
Science CANNOT tell you if the price is justified by the consequences of wider viral circulation.
SE's economy went down less than ours but they had more fatalities.
I like Sweden's hands off approach but I distrust their authority bias - that's a whole separate issue.
What's interesting in my analysis (or so I think) is the gaps along the trendline. The hypothesis - that there IS a tradeoff between economic growth and lockdowns - is supported by the negative slope of the trend line. But we see many instances of countries that had low size-adjusted fatalities but their economy performed worse than the trend line, like NZ. But then we have Australia, which ALSO had a low adjusted fatality count but had a much stronger economic performance.
FWIW, I also built a model that accounted for a country being an island, but that factor wasn't statistically significant.
More to come, but clearly it was possible to contain with AND without destroying the economy...America is, relatively speaking, on the side of better economic performance. But I'd love to know what AU did that NZ didn't do..
,,, it's not like NZL was running a deficit in the trillions though. Do you know any countries doing that?
Here's a page from the NZX showing [pretty much] a "v" recovery of the top fifty stocks in NZL (FNZ is an index/tracker fund)... https://www.nzx.com/instruments/FNZ - Go to the button that says "load interactive" and select the 2 year option.
There's been job losses and collapse of the tourism industry but by and large commentators have noted that some months on from the lock down the unemployment rate isn't as bad as predicted and many businesses have paid back the bridge money to assist employees over the main time of the crisis.
One other thing, NZL's handling of the crisis wasn't something the country trumpeted. Those perceptions were from international media and even international politicians.
You really should try Moa beer.
That’s what you get for electing a “Jacinda”.
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