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That doesn't make sense. The cost of goods doesn't magically scale linearly with GDPPC, even service-heavy goods. Even if it did, that wouldn't be a valid expla
by wyager 10y ago
That doesn't make sense. The cost of goods doesn't magically scale linearly with GDPPC, even service-heavy goods. Even if it did, that wouldn't be a valid explanation. According to the OECD, average net-adjusted household disposable income is only 3x higher in the US than Mexico, but our medical care is many times more expensive than that.
- mantas 10y agoUS medical care is much much more expensive than most, if not all, developed world. I'm too lazy for google for source, but there was statistics that US gdp/capita medical expenses are like 2x next country. Even in super expensive countries doctors don't earn as much which is part of the issue. I'm from rather cheap European country. We're on the receiving end of medical tourism. To cut costs, private hospitals save wherever they can. Nurses (as well as junior doctors) are paid less (gdp-adjusted) than in richer countries. Corners are cut in non-essential (parts of) procedures. Behind-the-scenes equipment is outdated. Anything customer-facing is top notch though. Source: ex-gf was a nurse in private hospital