In which John discusses the complicated reasons why the United States spends so much more on health care than any other country in the world, and along the way reveals some surprising information, including that Americans spend more of their tax dollars on public health care than people in Canada, the UK, or Australia. Who's at fault? Insurance companies? Drug companies? Malpractice lawyers? Hospitals? Or is it more complicated than a simple blame game? (Hint: It's that one.) For a much more thorough examination of health care expenses in America, I recommend this series at The Incidental Economist: http://theincidentaleconomist.com/wordpress/what-makes-the-us-health-care-system-so-expensive-introduction/ The Commonwealth Fund's Study of Health Care Prices in the US: http://www.commonwealthfund.org/~/media/Files/Publications/Issue%20Brief/2012/May/1595_Squires_explaining_high_hlt_care_spending_intl_brief.pdf Some of the stats in this video also come from this New York Times story: http://www.nytimes.com/2013/06/02/health/colonoscopies-explain-why-us-leads-the-world-in-health-expenditures.html?pagewanted=all This is the first part in what will be a periodic series on health care costs and reforms leading up to the introduction of the Affordable Care Act, aka Obamacare, in 2014.
Angela Akinbohun: Check out this video.
Chloe Stewart: you talk fast
MemePlays [GD]: I live in Estonia and I literally got STICHES FOR FREE
Jordan TRusso: In Australia we do NOT have “free healthcare”, you doorknob.
Xenovista: Greed. Corruption. Identity Politics obfuscating the real issues.
BURSTING THE BUBBLE Jim: Everyone knows monopolies can get the upper hand in business. Why do people from the UK come to the USA for healthcare?
BURSTING THE BUBBLE Jim: Sounds like you belong in the UK. What you described is a monopoly.
eyas7: who's hank?
Cory Wilkinson: 2018 we still have this problem.... 5 years without positive change is both depressing and pathetic
Nicholas Heimann: $50,000 per life year for vital keystone drugs, max. Everything else should be less, word.
Memento Mori: American health care is the best because it is American! /sarcasm
NANCY ZURN: dooblydoo!! Weezy waiter ?
Bob Rolander: Single drag on our budget? No, no, no. Now you are the one, oversimplifying, John! Nr 1 Drag = Tax cuts for the ridiculously rich. Nr. 2 Drag = Military. Then comes Healthcare at nr. 3.
But only because of the capitalist wet dream of private insurances + pharma lobbying + Citizins United Supreme Court ruling.
And you didn't even mention CITIZINS UNITED once! Bribes are illegal in civil democracies everywhere, but in the USA.
Liz C: TOO MUCH LOGIC!!! FAKE NEWS!
(Sarcasm 😏. Good job.)
Steven Cash: So basically doctors and hospitals are paid for their golden fingers?
say6hows7: We also invest more in medical research than any other country, those other countries of course benefit from our innovations which allows them the piggyback off our discoveries
Jesus Jimenez Hernandez: Because this country is a shit hole!!!!!!!
Ken Evanska: One other thing. Brits get free health care in all the other European countries. Well until brexit happens.
Echtvergoldet: So basically you Americans pay the extra for the distributors of the drugs.
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