Quote:Totally agree on the managing old age part, which is something I referred to much earlier. What I haven't seen other than one anecdote, is how our system differs regarding the elderly from any other Non-Beveridge system. But this does nothing to explain why our costs for procedures or drugs are so much higher than other countries.

 

Drugs: other countries have price caps. That's why there's so much talk about re-importing pharmaceuticals the last 10 years.

 

Procedures: have you compared the cost of overhead expenses including the cost of malpractice insurance?

 

Here's the truth about economics: someone has to pay, always. In this case it's the US who subsidizes all those other healthcare systems in one budget line or another. We pay higher prices because they are price controlled in other places. If we institute similar price controls do you know what we'll get as a result? Hint: healthcare becomes the equivalent of toilet paper in Venezuela. 

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