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The Eurpoean method only works in a single-payer system. A single-payer system effectively has price controls. At the very least the EU system is not designed t
by exelius 12y ago
The Eurpoean method only works in a single-payer system. A single-payer system effectively has price controls. At the very least the EU system is not designed to maximize profit; it's designed to maximize the benefit to the people given a fixed budget.
The biggest problem with the US' system is that consumers have to pay out of pocket for life and death decisions. How much would you pay to not die? Probably a lot; which is exactly why the US system is broken. You can't make rational market-based decisions when your health / quality of life is at stake. The value calculation is skewed, and everyone ends up paying more as a result.
- refurb 12y agoI agree with your comment about how the EU system works. It's a fixed budget and the gov't tries to maximize health outcomes. I would disagree that the problem with the US system is that consumers pay out of pocket. Singapore has a system of forced savings for healthcare expenses and they have a much lower cost per person for healthcare.