3 ms·

There's no competition at all on the supply side in Canada or Taiwan. Why are their health care costs microscopic compared to the US?

• jernfrost 9y ago
  They are more regulated. More use of max prices, more standarization. US hospitals can charge whatever they want and hide it.
• pishpash 9y ago
  Because a large single payer fixes prices for most people.
  • tobylane 9y ago
    Most? Could you specify how someone loses out?
    • nybble41 9y ago
      Shortages, as with any price ceiling—when someone is willing and able to pay more but there is none available at the fixed price.