What are you talking about, health care for the elderly is terrible! I guess you've never had to take care of an old person in the US? And never been exposed to northern European healthcare?
Every time this stat is brought up I always think it doesn't convey the full context. Even though its in terms of per capita, it's still an absolute amount, I think a better data point to illustrate if the US was overspending compared to outcomes would be what % of disposable income is spent on healthcare vs outcomes.
For example, let's say the US spent 2x on healthcare as some country, but had 4x the disposable income, would this still be overspending or would it be more efficient given the amount relative to income? The closest I can find is health spending as % of GDP but that doesn't capture what a person's income, since it includes government spending too, so it obfuscates whether or not the inefficiency (if any) lies in private or public healthcare in the US.
Let's say the US spent 2x on healthcare as some country, but had 4x the disposable income, would this still be overspending or would it be more efficient given the amount relative to income?
Healthcare spending in $ per capita doesn't capture how much people earn in that country or how much of a burden it is relative to their income so its kinda meaningless without more context. It's like saying the US economy is better than 85% of the OECD because its in the top 5 gdp per capita.
You say this like the profit seeking in the US is some sort of natural phenomenon that we can't avoid. We can adjust costs based in cost of living and local currency, profiteering is what sucks resources out of the system
Physicians in the US are protected, there's only a limited number of slots every year in med schools. This is fake scarcity
In my experience, it’s often even worse - there often isn’t even any significant profit, at least not in any coherent, centralized way. There are a lot of individual players who can be pointed out, but none of them individually is ‘the problem’.
Absolutely massive amounts of value is destroyed (and patients harmed) just doing super inefficient shitty processes because no one has the ability or incentive to do any better at a systemic level.
Everyone in the system who has a degree of control gets paid very well keeping the wheels turning and consuming cash.
You're 100% on the nose. A big part of it is unnecessary middleman companies leeching at every point in the process.
That's why the profit is so minimal, because there are just so many people providing little to no benefit all taking their piece and spreading it over a bunch of salaries while people get denied treatment
Unfortunately it's starting to happen here too. I'm not sure how much longer I'll be able to make these arguments at the rate we're privatizing and contracting out things... Might end up just as bad here in the long term.
It's the whole reason for the UK tube strikes right now too, and the media is trying to paint the union guy as some Marxist villain when they just want decent wages
The whole thing is totally absurd and short sighted, it's damaging to society. This is why there's more stability in some EU countries. We shouldn't be sacrificing stability for profits, that's a terrible idea. We need a stable populace to make stable progress and have a robust system that lasts for generations
They will just send you home to die when you become a burden to them. Happens all the time, old folks just get told to pound sand and die and no one does shit about it.
Medicare still has costs to the policyholder and it also requires supplemental insurance for coverage of things like eyes, teeth, hearing aids, long term care, etc.