Hacker News new | ask | show | jobs
by jdietrich 558 days ago
Healthcare costs in the US are broadly in line with the level of consumption. Americans have a uniquely insatiable demand for tests, drugs and elective surgery. Most countries with significantly lower costs have very different cultural attitudes and/or some form of rationing, because the only way to meaningfully reduce the cost of health are is to reduce how much of it you consume.

In the US system, insurers are the only actor with any real incentive or ability to constrain costs by limiting consumption; a very large part of the bureaucracy involved in the insurance system is about trying to manage consumption. We're seeing exactly how well that's working out for them, spilled all over the sidewalk.

Talk to people in the UK or Canada or Germany or Australia. See how their media covers healthcare. They're furious about their healthcare systems too, they're talking about a mounting crisis, just for different reasons. These systems accept long waits and the flat refusal to fund less cost-effective interventions as a necessary evil.