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Countries with socialized healthcare are facing the same issue, ballooning healthcare costs, just less acutely.
by flukus 9y ago
Countries with socialized healthcare are facing the same issue, ballooning healthcare costs, just less acutely.
- inopinatus 9y agoThat is wrong. For example, the UK's cost of healthcare as a percentage of GDP is actually declining. The US has double the healthcare expenditure by %age of GDP vs comparable nations such as the UK or Australia, and this order-of-magnitude difference is entirely explainable as systematic inefficiencies of the insurance-led market and uncontrolled drug pricing. All that cost - and it doesn't even cover everyone. Future generations will study the basket case that is today's US non-single-payer insurance system and write it up under chapter titles like "What the hell were they thinking" and "How not to do it".