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by rqtwteye 668 days ago
We also spend around way more per capita on health care than any other country. I bet both health care and defense expenditures could be reduced significantly if they were run with at least a little efficiency and less profit making by middlemen.
2 comments

Depending on who you categorize as "middlemen", this health analysis is a common misconception: our outsized health care spending comes from providers, not insurers/payers. We just do more procedures (we lead the world in making procedures doable quickly and outpatient-ly) and pay our medical staff more.
Agreed, there's not some organization taking a fat cut, it's a matter of overall demand, namely subsidized demand. We hamstring our healthcare supply in a variety of ways while massively juicing demand, which leads to increased prices.

America spends $4.5t a year on healthcare[0].

~$2t of that comes from the government directing taxed dollars towards healthcare for certain classes, per my previous comment in this thread. If your goal is to reduce our per-capita healthcare spending I see a fairly brutal and swift solution that would halve our spending, and put us below most European countries[1].

This is conjecture on my part, but I would imagine the remaining spending would also fall as the consumers have to bid less money for access to the healthcare resources that are newly freed up.

Further conjecture, I believe we may be able to have our cake and eat it too if we reduce the years of study necessary to start practicing medicine, and reduce our roadblocks to importing foreign-trained doctors. The UK may be trying something similar[2].

[0]: https://www.cms.gov/data-research/statistics-trends-and-repo...

[1]: https://www.healthsystemtracker.org/chart-collection/health-...

[2]: https://www.independent.co.uk/news/health/nurses-doctors-deg...

The whole system is corrupt and overpriced. Hospitals, insurers, PBM and many others make a lot of profit by ripping off patients.
If you work the numbers out based on expected utilization levels, extending Medicare to all residents in the United States gets you an administrative overhead fraction that resembles that of private health insurance, so I'm skeptical that insurance has much to do with it.
That would defeat the purpose of our health care system and military-industrial complex.