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It is very strange that other countries can have cheaper and better health care, but American capitalism can't compete. Actually it is not just the fact that our health care system has to pay about 30% of its income for corporate profits and advertising. Another problem is Health care needs to be competitive. People never shop around for the best price and best results for a procedure that can be very costly. They shop a bit for insurance, but they usually pick the company with their regular Dr, who they have had for years. Just tried to get competitive bids on curing a breast cancer.
Index.
The green are those Countries that have free Universal Health Care.
Medical care in US often leads to Bankruptcy.
Medical care in US often leads to Bankruptcy.
The average age of a medical bankruptcy filer is 44.9 years old.
40% of Americans fear they won’t be able to afford health care in the upcoming year.
17% of adults with health care debt declared bankruptcy or lost their homes.
66.5% of bankruptcies are caused directly by medical expenses, making it the leading cause of bankruptcy.
As of April 2022, 14% of Americans with medical debt planned to declare bankruptcy later in the year because of a lack of health insurance.
source: US Medical Bankruptcy Statistics for 2023
Most Countires, even in the developing world, have free education.
Most Countires, even in the developing world, have free education.
Not only are most countries offering free or highly supplemented health care, but Most of these countries are also giving free College Education. We must be a very poor country that we can hardly do either, and our Education and Health care do not measure up to other systems,
The U.S. spent $8,233 on health per person in 2010. Norway, the Netherlands and Switzerland are the next highest spenders, but in the same year, they all spent at least $3,000 less per person. The average spending on health care among the other 33 developed OECD countries was $3,268 per person. (source)
U.S. Health Care from a Global Perspective, 2022: Accelerating Spending, Worsening Outcomes
U.S. Health Care from a Global Perspective, 2022: Accelerating Spending, Worsening Outcomes
Other countries don't necessarilly pay more taxes because they support Health Care and Education?
Other countries don't necessarilly pay more taxes because they support Health Care and Education?
The U. S. is 22nd out of 38 developed nations when it comes to the competitiveness of taxes (A competitive tax code keeps marginal tax rates low. In today’s globalized world, capital is highly mobile. Businesses can choose to invest in any number of countries worldwide to find the highest rate of return. This means that companies will look for countries with lower tax rates on investment to maximize their after-tax rate of return. If a country’s tax rate is too high, it will drive investment elsewhere, leading to slower economic growth. In addition, high marginal tax rates can impede domestic investment and lead to tax ). (source)
The U.S. has among the lowest rates of physician visits and practicing physicians.
Hospital stays are shortest in the Netherlands and the U.S. The U.S. has among the lowest number of hospitalbeds.
Hospital stays are shortest in the Netherlands and the U.S. The U.S. has among the lowest number of hospitalbeds.
The U.S. has a higher influenza vaccination rate compared to the OECD average, but its COVID-19 vaccination rate is still lower than that of many peer nations.
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