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Private Health Care in Canada
I just found this article comparing health care in Canada vs. the U.S. system. Some interesting facts and numbers.
Article: Let them have the cake (and eat it too)
Some choice quotations:
"In the United States, where for-profit health care is well developed, the market for health care is very "efficient" by the economists' definition. Health care corporations regularly generate profits of 20 to 30 percent. They do this not by running their businesses more productively, but by limiting access to care and insulating themselves from risky patients."
"Despite having the lowest public share of total health spending, America still manages to have the highest health expenditures as a share of government spending, accounting for 23.1 percent of the total government budget. In Canada, government spending accounts for 15.9 percent of the total government budget, a little bit higher than the OECD average of 14.2 percent."
"So, to summarize: America spends more overall on health care than any other country in the world, and has the highest government spending per capita in the world despite the lowest government share of total spending in the OECD. (Globally, the U.S. government covers the same portion of total health spending as El Salvador, Ethiopia, Gambia, Mexico, and Somalia.)"
"Yet for all this lavish spending, both public and private, America has the dubious distinction of providing no coverage at all to 45 million citizens, and only partial coverage to another 50 million."
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