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Not that health economics is my area of expertise so feel free to contradict me, but I believe the US per-capita healthcare spending on Medicare, Medicaid et al
by eftpotrm 13y ago
Not that health economics is my area of expertise so feel free to contradict me, but I believe the US per-capita healthcare spending on Medicare, Medicaid et al is actually higher than comparable nations with universal healthcare. The rationing, measuring and paying is really very expensive to administer.
- pessimizer 13y ago>the US per-capita healthcare spending on Medicare, Medicaid et al is actually higher than comparable nations with universal healthcare. This is true. >The rationing, measuring and paying is really very expensive to administer. This is not. We have written legislation that prevents us from negotiating for healthcare goods and services; we protect US doctors from foreign competition and allow the profession to artificially constrain the supply. We also prevent Americans from importing drugs, or buying into other countries' health care systems - also shielding the domestic market from competition. Also, patents and reformulations. Administration is actually a very small overhead. Rent-seeking is the problem.