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Originally Posted by Displaced Flames fan
Cheaper for who? The government or the consumer?
It would be interesting to see how wages compare between the two nations. Health insurance premiums are always lauded as the biggest financial roadblock for private corporations.
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Don't quote me on these figures, but I've read that overhead, administration fees, shareholder profit, etc,. represents over 30% of all healthcare spending in the United States and less than 3% in Canada. Those numbers aren't exactly correct, but they're pretty close. Single-payer socialized healthcare eliminates a great amount of the costly bureaucracy that plagues the American private insurance system.
Per capita, Americans spend nearly twice as much on healthcare (public and private combined) than Canadians do, yet health outcomes for the same condition are more or less equivalent between the two nations.