We should not forget that on average American spending per capita on healthcare is more than twice that of people in any other developed country. Both Obamacare which drove insurance premiums through the roof and Trump's promise of a plan that would be "so good" have been dismal failures.

High deductibles are keeping people away from hospitals and emergency rooms in huge numbers even when their lives are threatened. The article below focuses on the mess we have created and the fact we have done next to nothing to fix our broken healthcare system.

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No. 1-5
JohnH
JohnH

Our Medical System is a cartel, run by organized crime. Millions of people needlessly suffer and die and go broke each year as a result. It needs to end. Get rid of insurance companies and move to a self pay system. Cost would plummet, and safe, effective inexpensive treatments would flourish. The cartel would no longer be able to force people into expensive toxic treatments. Grants could be made available to low income people to help with bigger costs. In the 1950's (before health insurance got big) a private room in a wealthy area of Santa Barbara, California costs $2 a day.

I am a doctor and I am disgusted by our current system.

Casual_Observer
Casual_Observer

One person's cost is the a large chunk of the healthcare profit. If cost comes down, so will economic growth, GDP and other metrics. This is part of the false economy of the US along with financial services insurance and real estate. Education is also another. This comprises the largest chunk of US growth but these are subordinate industries that cannot keep the economy afloat. The US really suffers from a post industrial economy that is productive and not creating more productive industries or jobs that raise the standard of living.

Deter_Naturalist
Deter_Naturalist

Absolutely true. Medical Services are paid for in large percentage by Medicare, for which spending is supplied by borrowing (money is fungible.)

Medical "Insurance" is a cartel that is legally guaranteed cost-plus profitability. This means that there is no brake on spending at all. The more medical services cost, the more profit the insurers obtain.

There is no way to know what medical services are "worth it." Often it's simply assumed that the latest, most-costly drug or procedure is "best." With all the cost-shifting that goes on, there's no real accountability for medical providers.

Given these embedded idiocies, it's surprising Medical Services haven't subsumed 100% of GDP already. That's where they're headed, and national bankruptcy sits on that path ahead.

hmk
hmk

We are dead last and worse, 48th in health behind even some third world nations, and behind all the industrialized nations. Under the "affordable" care act my premiums went from $800/month for a family to $1400. My deductible went up to about $14000/ family. My old insurance had better coverage, my coverage now sucks. Its basically self pay. I hate that useless piece of shit Obama. I am self employed and now my children are graduated from college and on their own. The premiums have only gone up and since we are in good health I am thinking about just dropping my insurance. That POS should have done single payer but the insurance lobby I am sure disagreed. You know we have useless politicians who will never do whats best for the country, only what best for them. Single payer even with its drawbacks would improve profit margins for business and provide financial stress free access for the working poor to the healthcare system.

Latkes
Latkes

Healthcare cost per capita US: $9,024; Italy: $3,207

Life expectancy US: 78.69 years; Italy: 82.54 years

And people call Italy a basket case.

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