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by yes_really
1638 days ago
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"~twice as efficient" is a stretch. They might cost half the price, but they are not necessarily twice as efficient. Medical treatments and equipments in the US are the best in the world (discounting super small countries). Americans have the highest life expectancy in the world (discounting homicides and transit deaths). Americans can get treatments fast while people in Canada or the UK have to wait for months because the government is rationing treatments. And we should consider other reasons that explain the costs besides "private system inefficiency": American companies carry the world on medical innovation (so other countries are benefitting from the Free-Rider Problem, and Americans are paying for it). American regulation requires doctors to spend several more years in training than at other countries (in other countries the medical school is usually merged with undergrad). And, finally, Americans just earn more than people in other countries. GDP per capita is 60k in the US, 40k in other developed countries. |
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Not really. They're fine. In line with OECD. And further, America has a number of blemishes such as among the highest maternal mortality and infant rate in the entire OECD. [1]
The only area the US really excels is in cancer 5-year survival rates - not because the mortality rate is lower, however, it's about the same as everywhere else. The US just biases towards earlier screenings that do not extend life or reduce mortality.> Americans have the highest life expectancy in the world (discounting homicides and transit deaths).
Are you sure about that? It doesn't look like that on this chart. [2] Not to mention the US spends dramatically more to achieve that much lower life expectancy than anyone else does.
> Americans can get treatments fast while people in Canada or the UK have to wait for months because the government is rationing treatments.
This is a straight-up lie peddled by the US medical insurance industry. Here's an admission and an apology by a Cigna executive tasked with doing so. [3]
They pulled the same thing when Canada instituted single-payer healthcare in 1962. [4]> American companies carry the world on medical innovation.
Not really. There are as many European as there are American medical companies in the top R&D spenders worldwide. That's before we factor in government expenditures worldwide.
> And, finally, Americans just earn more than people in other countries. GDP per capita is 60k in the US, 40k in other developed countries.
Now imagine what they could do with an extra $5K per person per year - the difference between what the US and Canadian medical systems cost per capita.
[1] https://www.forbes.com/sites/joshuacohen/2021/08/01/us-mater...
[2] https://ourworldindata.org/grapher/life-expectancy-vs-health...
[3] https://www.npr.org/2020/06/27/884307565/after-pushing-lies-...
[4] https://canadiandimension.com/articles/view/the-birth-of-med...