From the Economist: An Arm and a leg

Discussion in 'Health Care' started by LafayetteBis, Apr 30, 2017.

  1. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    From here: Health Care Costs - An arm and a leg, excerpt:

    Can one of the richest countries on earth not afford "Affordable HealthCare". That is, one provided by a National Health System (NHS)?

    Most developed countries have an NHS - all of Europe has one and even Canada! The US has only private-insurance healthcare.

    THE SAD FACTS

    Unless of course, you don't care about living longer? Or the fact that US health-care is a colossal rip-off, twice the individual cost of most other developed countries? See here:
    [​IMG]
     
    Last edited: Apr 30, 2017
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  2. Kode

    Kode Well-Known Member

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    Last edited: Apr 30, 2017
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  3. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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  4. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Single-payer is a good first step. But there are a great many others before the US arrives at the level of European National HealthCare Systems (that are cost-stipulated), which is why they are cheaper.

    The American GP is earning close to $190K a year, whilst (here in France) they earn half as much. And still, French GPs are earning 3 times the average French wage at $90K a year, whilst in America the difference is close to 5.

    Frankly, nothing can be done until Americans understand that Healthcare (and Education) are not "markets", due to the inherent lack of competition. There are too few medical practitioners per population for that to ever be the case as it is for most market-economies.

    Which is why governments in the 1950s here in Europe started to create the National Healthcare Services government bodies that negotiate both practitioner and pharmaceutical prices. Which is the reason that Healthcare is so much less expensive in Europe.

    It is a well-known fact (for instance) that pharmaceutical companies break-even in Europe (because of fixed-pricing), then go to the US to make their profits ..
     
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  5. Kode

    Kode Well-Known Member

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  6. james M

    james M Banned

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    wrong of course, most of our health care is govt single payer: Medicare Medicaid VA Tricare Schip Community Clinics, IHS, and, what private insurance there is so controlled by govt that is more fascist or socialist than private and capitalist. Europe has lower prices because their socialism is far more efficient than our socialism. Do you understand? Please let me know if you require further explanation.
     
  7. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Wrong, as usual.

    And you don't even know the meaning of the word Socialism, which exists nowhere in the world except North Korea. It has been supplanted in Europe by Social Democracies - within which the the role of capitalism in a market-economy is recognized.

    A large part of privatized health care insurance costs an arm-and-a-leg (hyperbole) because it is provided to companies (by private insurance companies) who then package it into their total worker remuneration. National Funding of Health Care is limited to specific age groups, and not the public in general. Medicare and Medicaid represent 37% of total Health Care funding.

    A breakdown of the source of funding from here, National Health Expenditures 2015 Highlights - excerpt:
    And here:
    I will remind you that the Health Care spending financed by private businesses (33% of the total) must be recuperated as a cost. Meaning that you and me and everybody else pay for it in the price of goods/services that we purchase!

    The reason why per capita costs in Europe are about half the US is because the National Health Services negotiate both Health Care pricing (remuneration to practicing doctors/physicians as well as pharmaceuticals) thus maintaining a cap on costs. A visit to my doctor costs me $25 here in France - how much does yours cost you stateside? From here:
    The above amply justifies the comparative cost per capita of health-care between the US and the rest of the world.
    The US is paying twice the cost per capita as Europe, where National Health Services organizations have existed for the past half-century ...
     
    Last edited: May 25, 2017
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  8. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Moreover, the rate at which Americans are covered by HC-insurance has improved remarkably.

    From here: Obamacare pushes nation's health uninsured rate to record low 8.6 percent (Sept. 2016) - excerpt:
    One must be clinically stoopid to want to rubbish ObamaCare ...
     
    Last edited: May 25, 2017
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  9. james M

    james M Banned

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    ever heard of google anyone can look it up. It used to mean govt ownership and management now it means control through taxes and regulations as in Obamacare wherein the free market is mostly banished.
     
  10. james M

    james M Banned

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    1)yes all agree and it is because Europe has a more efficient socialism than the USA has which has 10 conflicting forms of socialist health care.
    2) capitalism would cut prices about 80% based on direct comparisons
    3) Europe is cheap copy of USA. USA has 70% of all recent medical patents. If Europe had to invent its own health care life expectancy there would be 50
    4) Europeans don't reproduce because the culture is so rotten
    5) They let in Muslims who blow the place up and tell the citizens "thats life"
     
  11. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Not to worry, Trump is gonna change all that.

    The US is going back to the Dubya years. Good luck with that one ...
     
    Last edited: May 25, 2017
  12. james M

    james M Banned

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    notice the way you always have to change the subject because you cant address the subject directly. Ever see a libertarian who has to run from every other subject?
     

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