U.S. Residents Pay $8,000/year “Poll Tax” for Healthcare says Top Economist “SAN DIEGO — The United States’ sky-high health-care costs are so far above what people pay in other countries that they are the equivalent of a hefty tax, Princeton University economists Anne Case and Angus Deaton say. They are surprised Americans aren’t revolting against these taxes. “A few people […]
Continue readingDue to U.S. Multipayer System, Administrative Costs 4 Times Higher than Canada’s Healthcare System
Due to U.S. Multi-payer System, Administrative Costs Billions Higher than Canada’s Healthcare System “Background: Before Canada’s single-payer reform, its payment system, health costs, and number of health administrative personnel per capita resembled those of the United States. By 1999, administration accounted for 31% of U.S. health expenditures versus 16.7% in Canada. No recent comprehensive analyses of […]
Continue readingUS Spends Double On Healthcare Compared to Similar Nations, But Has Lowest Life Expectancy
US Spends Double On Healthcare Compared to Similar Nations, But Has Lowest Life Expectancy “In 2016, the US spent 17.8% of its gross domestic product on health care, and spending in the other countries ranged from 9.6% (Australia) to 12.4% (Switzerland). The proportion of the population with health insurance was 90% in the US, lower […]
Continue readingU.S. Funds More Healthcare via Taxes than Other Developed Nations
U.S. Funds More Healthcare via Taxes than Other Developed Nations “As is well known, US health care costs are far higher than those in any other nation (Table 3). However, the high level of tax-funded spending in the United States receives less attention. Indeed, tax-funded health expenditures in the United States account for a larger […]
Continue readingPeople in the US Pay the Highest Health-related Taxes in the World
Americans Currently Pay the Highest Health-related Taxes in the World “..Americans pay the world’s highest health-related taxes. Yet many perceive that US health care financing system is predominantly private, in contrast to the universal tax-funded health care systems in nations such as Canada, France, or the United Kingdom. By 2024, government expenditures in the United […]
Continue readingSimplified Administration Could Save Over $500 Billion Per Year
Simplified Administration Could Save Over $500 Billion Per Year “Around one-third of U.S. health care dollars are spent on administrative functions, including insurance company overhead; administrative costs of hospitals, practitioners, nursing homes and other providers; and costs incurred by employers in managing their workers’ benefits. Studies have routinely found that the United States has the […]
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