I have read, but not verified the figures myself that if the United States had Australia's healthcare system - universal, government funded healthcare (excluding dental) then all US citizens would have near free healthcare, would not need costly insurance, and the government would spend a similar amount to what it does now
ckw|7 months ago
shafyy|7 months ago
Interesting to see countries like Spain and Italy, where the spend is one third of the US but the life expectancy is significantly higher.
Workaccount2|7 months ago
This drives an enormous amount of innovation, and the near complete dominance of US healthcare companies in the west reflects that.
The US moving to a universal healthcare model would likely kill the lucrative US market, and while providing cheaper healthcare, it likely wouldn't make them dramatically cheaper while also having the effect of driving up costs in other western countries.
A bit like a balloon, where the profits are swelled in the US and limp elsewhere, squeezing the US will ha global effects.
latentsea|7 months ago