The True Costs of Health Care

What is Health Care in America Really Costing?

By Jeff Musall, published May 09, 2006
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Health Care in America is by far the most expensive in the world.  On a per capita basis, and as a total portion of GDP.  And the drug costs are too.  The same drug purchased in America can be found overseas for a fraction of the cost.  America has the highest infant mortality rate of major industrialized nations.  We have the highest ratio of uninsured.  And we share the dubious distinction (with South Africa) of being the only industrialized nation that doesn't guarantee health care for all its citizens.  

Why, in light of all the money spent, is the system so broken?  The simple answer is also money.  In every level of care providing, the dollar is the driving force.  And more money is eaten up by administrative costs than anywhere else.  Estimates vary from a low of 19% to a high of 25% of total health care costs go to the paperwork and management.  Entire corporations exist just to manage (and extract profits from) health care.  In short, we are the only industrialized nation that doesn't provide health care because we are the only ones who view it as a commodity, for sale for whatever the market will bear.  

How did we get into this mess?  The mistaken premise that private entities can do better than public ones.  The prevailing thought promoting individual responsibility.  Conservative opposition to progressive health care.  Pure greed.  Successful target marketing promoting assorted treatments and medications that really aren't needed.  The reasons are many.  

Takeaways
  • American health care is in crisis mode.
  • The spiral upward is driving many to bankruptcy.
  • The American system is not as good as some that are much cheaper.
Did You Know?
Harry Truman insisted that post WWII Japan and Germany have universal health care in their constitutions.
Comments
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Jeff, Expect me to add to this thought later...Universal health care has got to happen in this country and soon! When you get a chance, take a look at some of the Medicare Part D programs...talk about a way for big business to hurt people who already needed assistance. It's too early for thing big studies yet, but on an individual case study basis I can tell you people with Part D coverage are now often worse off than they were before.

Posted on 08/28/2006 at 8:08:00 AM

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