Quote:
Originally posted by Azure@Oct 18 2005, 01:47 PM
Look at how expensive socialized health care is to Canada, billions upon billions of dollars, now add 250 million people.
Personally I support a two-tier system, that way the rich people can generate their money back into the economy while the not so rich people have their basic health needs met.
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To be fair, it's not 'Socialized' health care that, by itself, makes health care costly.
The US pays _way_ more than Canada, per capita, for it's health care. And that's with the Private Sector contributing heavily in (private insurance/hospitals) footing the bill, as opposed to just under 2% Private health dollars spent in Canada.
This interesting study pegs a lot of the blame at higher labour, and specifically, higher administrative costs in the States as a reason for inflated costs... Canada's 'socialized' system spends .8% (public) on administrative costs, the US spends 3.1%.
Per Capita health spending, in public dollars, is higher in the US than Canada. The US clocked in at $1901
public money per person, as opposed to Canada's $1517.
Of course, the average income of physicians in the US is twice as high as Canada, so that probably also drives up costs.
http://www.pnrec.org/2001papers/DaigneaultLajoie.pdf