Earlier quoted context omitted.
That impression probably comes from the fact that you're not on the payer side of the bills, you're always on the receiver side.
I know i pay for these things through taxes, but i think in the end it's cheaper if we handle this through a tax system. No huge corporations looking to improve their profits at the cost of service to customers. I like to think of western-europe as an all-in or full-service country. Maybe you pay a bit more, but you get way better service, and by not having to decide and buy yourself you're left with more of what's r…
Keep in mind that there is even more leverage, as people who are only employed to take care of the elderly, the young, ... make up a significant part of the workforce and shouldn't be counted as employed for this purpose (a geriatrician, a teacher, a nurse, ... is paid from taxes to take care of non-workers, that means he doesn't contribute to the economy). Therefore the numbers in Australia, are about 1 for 1 (ie. tax rate of just shy of ~50%), in Europe the numbers are really about 1 for 3 (ie. total tax rate of slightly over ~75%)
But even in Australia it's essentially over. Australians should have started to have way more kids about a decade ago to prevent what's now pretty much inevitable. Although once again Australia gets to sit back and watch what happens in other economies before it's forced to take action itself, like in the financial crisis. It should do well. Doesn't change the outcome though : taxes in Australia will have to rise to halve your post-tax income over the next 2-3 decades. In Europe ... let's not go there, taxing at 100% would not allow for enough economic activity to support the pensions and healthcare at the current level of provided care. Dedicating all economic activity in the EU to just that single purpose is ... not enough. Therefore, elderly care and health care will have to scale down, a LOT (and may God help them if Trump follows through on forcing Europe into defense spending). The basic problem is, the lower the working population gets the more massive the advances in productivity (the economic kind) have to be. There is a slight issue with that:
http://www.tradingeconomics.com/european-union/productivity
(I've had healthcare in both Europe and Australia though. Let me tell you, Europe is better. Though I guess it does greatly vary based on the exact location)