Sunday, June 02, 2013

What country has the highest health costs?

Of course, it is the U.S.A.  A list of drug, scan and procedure prices compiled by the International Federation of Health Plans, a global network of health insurers, found that the United States came out the most costly in all 21 categories — and often by a huge margin.  A couple of examples:
Angiogram -          U.S.A. $914, Canada $35
Hip replacement - U.S.A. $40,364, Spain $7,731
Lipitor -                  U.S.A. $124, New Zealand $6

We spend about 18 percent of our GDP on health care, nearly twice as much as most other developed countries.  Part of the problem is due to the fact that we don't allow our government to set rates for medical services other than for Medicare and Medicaid; most other countries do.  Another attests to the strength of the medical lobbies.  We generally don't give the cheapest effective tests for various conditions, such as colon cancer.  We allow anesthesiologists to be required in many cases where your doctor can apply a sedative.  We pay more for procedures performed at 'surgical centers' than doctors' offices.  All because the doctors have lobbied our leaders successfully.

Basically, we are not smart about paying for our health systems.

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