3 ms·
Here goes: Healthcare is an inelastic market, people are willing to pay anything to get it. Private insurance companies have grown into a kind of cartel and ar
by thrance 6mo ago
Here goes:
Healthcare is an inelastic market, people are willing to pay anything to get it. Private insurance companies have grown into a kind of cartel and are able to jack up prices at will, going as high as customers are able to pay. They are disincentivized to pay for expensive treatments, to increase their margins. These companies are so powerful, and officials are so easily corrupted, that they are able to get their way with legislation every time.
All of this combines into a huge vicious cycle that is able to extract more and more wealth for worse and worse results.
Americans used to live longer than Europeans, you know? Now it's the opposite. Certainly, food in America is worse and people drive more instead of walking. But then again, the State isn't incentivized to keep its citizenry healthy, since it doesn't pay for healthcare. To me, this is part of a package deal, there's no sense in trying to decorrelate public health from healthcare systems.
- joe_mamba 6mo ago>Americans used to live longer than Europeans, you know? When, in WW2? >They are disincentivized to pay for expensive treatments, to increase their margins. I've experience both systems. It's worse (for me) with European state-run healthcare I am right now, where they are even more disincentivized to pay for expensive treatments, except not to increase margins but because the system is constantly broke, so the treatments are always long-wait and last-gen compared to the cutting edge fast-track you get in the US, if you're insured, or you pay through the nose for it, or your insurance does if you work for a decent company. So that doesn't explain why Americans live less despite being able to get cutting edge care faster. You know, maybe a diet of processed food and sedentary lifestyle can't be undone by a faster MRI/surgery appointment with cutting edge equipment.
- thrance 6mo ago> So that doesn't explain why Americans live less despite being able to get cutting edge care faster. Yes it does. Average lifespan in an average. Americans have worse access to healthcare on average than Europeans, hence why they die sooner on average. European systems may be worse for you specifically, because you are wealthy enough to get "fast-tracked" in the US. But America's just a worse system overall. And you're wrong about incentives for state-provided healthcare. A competent government would recognize that healthy citizens are more productive and bring in more tax revenue. Too bad we're currently run by reactionary morons, but that can always change in the future. > maybe a diet of processed food and sedentary lifestyle can't be undone by a faster MRI/surgery appointment with cutting edge equipment. I seriously doubt that people are that much healthier in the EU, enough to explain away all the difference in life expectancy, when Americans have provably worse access to healthcare. Around 7.3% of American adults couldn't get access to necessary healthcare for cost reasons in 2024 [0]. [0] https://www.cdc.gov/nchs/fastats/access-to-health-care.htm https://www.cdc.gov/nchs/fastats/access-to-health-care.htm