4 ms·
That 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
by inopinatus 9y ago
That 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".