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It seems like the health care system has been gamed in the USA so that health insurance companies and big pharmaceutical companies get a huge profit. Correct m

It seems like the health care system has been gamed in the USA so that health insurance companies and big pharmaceutical companies get a huge profit. Correct me if I'm wrong, but I don't think this is the case anywhere in Western Europe/Canada or most other countries that have a functional health care.

WalterBright 9y ago
The massive regulation and government interference in health care in the US has definitely resulted in companies gaming it for profit. https://www.theatlantic.com/magazine/archive/2009/09/how-american-health-care-killed-my-father/307617/ https://www.theatlantic.com/magazine/archive/2009/09/how-ame... https://www.amazon.com/Competition-Monopoly-Medical-Care-Frech/dp/0844738840 https://www.amazon.com/Competition-Monopoly-Medical-Care-Fre... https://www.amazon.com/Regulation-Pharmaceutical-Innovation-Amendments-Evaluative/dp/0844731285 https://www.amazon.com/Regulation-Pharmaceutical-Innovation-...
nickpp 9y ago
Health care costs are high in other western countries as well. They are just paid indirectly, from the much higher taxation level.
- rifung 9y ago
  Is that really true? I was under the impression when people talk about the cost of healthcare they aren't talking about the cost of insurance. Unless you're saying the taxation somehow subsidizes healthcare in addition to providing insurance? For example, medication is more expensive in the US right?
- _Tev 9y ago
  No, USA pays much more than any other developed country, see: https://data.worldbank.org/indicator/SH.XPD.TOTL.ZS?year_high_desc=true https://data.worldbank.org/indicator/SH.XPD.TOTL.ZS?year_hig... (below graph is sortable table)