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No one is arguing that healthcare doesn’t have costs. But healthcare in the U.S. costs a lot more than in other places, and the reason it costs so much is that
by rp1 5y ago
No one is arguing that healthcare doesn’t have costs. But healthcare in the U.S. costs a lot more than in other places, and the reason it costs so much is that we allow doctors, hospitals, and pharma companies to exploit the vulnerable for profit. The machines and drugs are the same across the world, but we pay a ridiculous markup so doctors and execs can earn 500k+ a year. 25% of U.S. GDP is spent on healthcare. Think about how insane that is: one out of every four dollars of economic activity is spent on healthcare.
- abfan1127 5y agoAmerican Healthcare is visibly expensive. Other countries hide their expenses in taxes. Further, where is most healthcare innovation? that has costs as well. I'm not defending the current American model as it has many features which make things worse (from my perspective).