On a similar note, is the competitiveness of American businesses harmed since most must pay for expensive private health insurance plans? Would GM, for a recent example, be in much better financial shape if they didn't have to spend billions each year on healthcare for their employees and pensioners?
Obviously many Canadian companies provide their employees with health insurance too, but the cost is significantly lower since it tends to be for "extra" things like optical and dental care.
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The cost of providing health care adds from $1,100 to $1,500 to the cost of each of the 4.65 million vehicles GM sold last year, according to various calculations. GM expects to spend at least $5.6 billion on health care this year, more than it spent on advertising last year.
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http://www.usatoday.com/money/autos/...are-usat_x.htm