That is probably one of the main reasons they can deliver quality healthcare for 3% while we have below average care for 18%. We need to get rid of the insurance and pharmaceutical lobbies who have infested our political system. The result is crappy, expensive healthcare and a few billionaires who are not medical professionals raking in huge amounts of undeserved money.
point taken. Can you take the money out before you die? IN which case "mandatory" is relative. Or does it have to be spent on medical services? In which case its a government forced allocation of your income which, it could be argued, is what a government income tax essential is.
Its more complicated than that Some people trace the rise on healthcare costs to wage and price controls during WWII when there was a labor shortage Companies began offering health plans and workers got used to “free” healthcare with no out of pocket expenses Then came Medicare and Medicaid Pretty soon no one was paying anything out of pocket and healthcare prices began to rise
I think so Rules can vary about cashing in or applying it a retirement saving account But it is always the individuals money
In 1970 I got a job as a clerks helper (box boy) at Ralph’s grocery store. It was a union job which payed $1.82 an hour and my first rate health care and dental plans were paid by the employer. I guess that would equate to about $18.20 an hour today. (You could buy a nice house that would cost $500,000 today for $30k, a gallon of gas was $0.25). It seems to me that since those days, the main changes have been union busting and deregulation of creditors and insurance companies. Back then, doctors made somewhere between $50,000 and $150,000 a year which was proportional to what they make today. Nurses made a proportional wage. The only difference is the huge profits being raked in by bean counters, Insurance swindlers and greedy assed pharmaceutical companies all of whom spend tons of money buying off congressional whores who create legislation which allows them to cheat the people.
Health Care prices started to rise when Health Care cartel colluded with the government and legislated artificial shortage for everything related to Health Care. Drugs, number of doctors, number of hospitals etc.
Actually most doctors in private practice pay high liability insurance rates themselves because of the ambulance chasing lawyers who advertize on tv So doctors are charging more But there is no single reason like greedy lawyers or insurance companies for the high cost of healthcare
The medical schools would blame the shortage of doctors on other reason than for ed scarcity But I dont see a shortage of hospitals There seem to be plenty of hospitals in my opinion and I see no barriers to building more if private investers wanted to However I dont claim to be an expert on this subject
In regards to Singapore's population being "healthier" I would like to note that Singapore's population is almost entirely Asian (mainly Chinese). People of Asian descent have a notable tendency to be healthier than people of other ethnic groups no matter what nation they live in.
Singapore does have (much) lower labor costs than the U.S. Some of the population live in some pretty crammed quarters that would be unimaginable in the U.S. That likely is a large part of why the healthcare costs are lower.
I believe it may be worth taking a look at, but we need to take a honest look at the real reasons why the costs may be lower, and I feel this might be just used as an excuse to try to push a system in America, with advocates intentionally glossing over important reasons why things are different in Singapore.
There is a fatal flaw in their system: They are counting on exponential growth in newborns who as adults will be required to shoulder the cost of caring for the indigent, the elderly, the sick, and the dying. What if they shrug? This, like social security, is a Ponzi scheme. In essence, eventually, Singapore will become a breeding pen for slaves, i.e., encouraging citizens to have babies to provide future medical care for society. In the end, like all Ponzi Schemes, it will fail. Why? As soon as the intelligent figure out the con, the jig is up.
LOL. At the point of the government's gun. At least be a real apple, not a plastic one. (I know, I didn't build that, society did.)
Here is how it has happened. another PF user has posted. http://politicalforum.com/index.php...-disingenuous.545639/page-240#post-1070036975 https://fee.org/articles/the-medical-cartel-is-keeping-health-care-costs-high/
Every worker is required to pay into a medical savings account For most people that will grow quite large over time But I agree that the citizens in singapore are different from America
You don’t see it's logical conclusion? You don’t agree they need to keeping producing more babies at a faster rate than the population ages? You don't recognize a pyramid scheme when you see one? You don't understand that the base must keep getting larger to support the growing needs of those above it? And don't you realize that that is the motivation of Singapore government in rewarding workers for having babies? Eventually, it will dawn; reality will see to it.
Singapore is a city state that is also a tax shelter for millionaires and basically fascist. The US is a massive country of 300 million plus. You just can't compare the two.
Your link is arguable But it spans at lest 5 generations of Americans who saw a need to tegulate the medical profession Some of the decisions may or meet our approval But thats how it goes