Are there Factors that Makes the Cost of the US Healthcare More Expensive? \ stacker news ~Politics_And

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Are there Factors that Makes the Cost of the US Healthcare More Expensive?

319 sats \ 4 comments \ @spiderman 5h Politics_And_Law

I know it is a hot political topic, especially when comparing the US with democratic socialist countries offering free healthcare.

But here I am talking purely about the cost, not the price (as the price can be zero if the government mandates it, and pays it out of taxes).

So even taking who pays for it (the patient, or the government) out of the equation, is the cost of healthcare itself more expensive in the US compared to much of western Europe/Canada? That means, if as an uninsured foreigner, I walk into a private hospital to get a procedure done, paying with cash, will I pay significantly more in the US than Western Europe?

What factors are driving this cost differential? Is it higher quality, higher pay for doctors (which would imply better qualified medical professionals?), higher regulatory/market entry cost in the US or what?

Anyone who can shed some light, preferably with data and specific reasoning on the cost here (again, not the price the buyer pays) would be highly appreciated.

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21 sats \ 0 replies \ @Undisciplined 4h

This is an absurdly complex sector of the economy. The answer to your question is “yes”. There are innumerable factors driving up costs.

My suggestion is to scroll through the EconTalk archives and listen to some episodes about this. Russ Roberts brings on excellent guests who dive into a bunch of different elements of the American medical industry.

0 sats \ 0 replies \ @SimpleStacker 1h

0 sats \ 0 replies \ @anon 2h

I am not expert on healthcare cost , to reduce the cost is to have the cheaper medicine supplier and most of those medicine supply provided and produced by the China and India . So when people talked about healthcare US and only look in the U.S. market sentiments , that’s when things getting expensive for the user .

0 sats \ 0 replies \ @SHA256man 2h

A) this "healthcare" u talk about is rarely a "care for health" at all but rather a sale of bullshit products, which the mainstream media and state-sponsored schooling has convinced the populace to buy; the Feed-and-Drug administration is exactly that: one hand feeds some toxic sludge to the population and the other hand drugs them up; once u really think about, this scheme is as clear as day;

B) the cost of the harmful product is driven up in order to dupe people into believing that it's a valuable service that allegedly improves health; however, most of them only temporarily alleviate the issue - additional symptom suppressants are usually necessary to cover up the effects of the first pharmaceutical; that is how the "healthcare" bill adds up; the solution to higher prices is a set of various subscriptions and perks, in order to keep people participating in the butchery and poisoning; the doctors in centralized medicine have been trained very well to sell the pharmaceutical and surgical products;

C) the insurance system is another piece of the scam; it is a known fact that neither the doctor, nor the hospital, nor the cost center, nor the patient, nor the insurance company knows the price of the service until the service is done - it's like ordering from a restaurant menu without knowing the pricing in advance; in the end, literally everyone but the patient profits from the scam; reconcile...

if u are still confused about this process, please give me an example, and i will do my best to elaborate; nothing personal about it btw, it's just business, just like in the financial and legal system; however, unlike the other two, the "healthcare" business directly harms the flesh & blood, which is demonic;

now, if u are still only interested in the financial aspect of this scam... u are missing the point and keep intellectualizing ur way thru the labyrinth of arguments from within the slaughterhouse; this is a system that shud no longer exist in its current form... but people are gullible;

P.S. of course there are some life & limb-saving procedures... however they are made available to the general public thru the sale of the above-mentioned harmful products; what's saving a life worth, after all? i say it's priceless! it shud be done pro-bono and the healer be rewarded graciously for the rest of his life with proper living conditions; this gets into the idea of an advanced civilization where men care for each other, and the idea the today the god of money is the world's most powerful religion... a topic for an upcoming post;