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Where are you getting the $7K CAD number from? There's a similar number floating around from the Canadian Institute for Health Information[1] but that same sour
by otoburb 6y ago
Where are you getting the $7K CAD number from? There's a similar number floating around from the Canadian Institute for Health Information[1] but that same source also lists USA per capita expenditure at $14K[2], and not $34K USD.
It seems that much of the funding for the Canadian healthcare system(s) is funded by provincial tax revenue supplemented with federal transfer payments. There's a reason why our tax system generally works out to be a higher tax burden compared to most American locales.
[1] https://www.cihi.ca/en/national-health-expenditure-trends-1975-to-2019 https://www.cihi.ca/en/national-health-expenditure-trends-19...
[2] https://www.cihi.ca/en/how-does-canadas-health-spending-compare https://www.cihi.ca/en/how-does-canadas-health-spending-comp...
- sudosysgen 6y agoYes, if you have employer given Healthcare and so on you can get it down to around 14k, which is still almost three times more. But if you're buying it on the open market, alone, it'll run you around 30K for equivalent coverage. Our taxes are generally higher, but not significantly so for the median person, and healthcare spending is, everything considered, cheaper and as good. So the system is more efficient.
- marcusverus 6y ago>But if you're buying it on the open market, alone, it'll run you around 30K for equivalent coverage. Way, way off. Median annual cost without an employer contribution for a 27 y/o single person is ~$4700. Median cost for a family of four is ~$18000. www.nytimes.com/2019/10/22/us/politics/obamacare-trump.amp.html
- sudosysgen 6y agoThe 27 y/o single person is not the average case, and that is only the cost of insurance, not including deductibles and other costs, electives, or drugs, which are included in the above mentioned numbers. Finally, many people are simply not eligible for Obamacare.
- marcusverus 6y agoYour numbers assume that the average case is spending 10k+ per year our of pocket? That's nonsense. My average year is a couple of hundred dollars. The year my child was born was under 5k. Those prices are for the Obamacare exchange, pre-subsidy. Who isn't eligible?