iNow Posted March 29, 2012 Share Posted March 29, 2012 More food for thought: http://globalpublicsquare.blogs.cnn.com/2012/03/28/dont-follow-america-on-health-care/ Roughly 50 million US residents (one in six) pay out-of-pocket for medical expenses.<...> The US is one of the few high-income countries that does not finance health care through a publicly funded prepaid system. On average, wealthier countries spend roughly 11% of their GDP on health, with more than 80% publicly financed and only 14% of spending taking place on a fee-for-service basis. Public finance (or, in some cases, government-regulated cooperative insurance funds that amount to public financing) pays for most discretionary medical services, with private insurance supplementing only minimal extra services. Most rich countries choose to finance their health care publicly for several reasons. First, free-market health care is usually inequitable and inefficient. Individual needs vary significantly, and private companies are often unwilling to insure the very people who need the most care (such as those who are already ill, or who have conditions like diabetes, which predispose them to other health problems). Moreover, those who buy care – insurers and patients – are unlikely to have the information necessary to choose the safest and most effective treatments. At the same time, public spending acts as a brake on overall spending, and prevents the rapid cost escalation to which America’s private insurance companies contribute. The US spends 1% of its GDP annually simply to administer its complex, unwieldy insurance system. Without reform of the type now before the Supreme Court, total US health expenditures will rise from 16% of GDP today to 25% by 2025. You know... or we could stop letting idiocy rule the day in our country, help conservatives to pull their heads out of their asses, and fix things along the lines of Taiwan. At this point, even China, India, and South Africa are leaving the US behind, and Mexico already has... U.S.A! U.S.A! U.S.A! Link to comment Share on other sites More sharing options...
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