Comment Re:As long as you are not the last one out... (Score 1) 221
So are you saying the US should bare the burden of paying for all of the world's medical advancements?
No I would not say the United States should bare the burden, but I do not think any of the other medical systems could exist in a vacuum without the United States.
However, I would be the United States could exist without the medical systems of the rest of the world.
As a result saying that the United States should learn from the other system's "success" seems perhaps to neglect that then innovation may slow.
But that is a lot of speculation with no facts or studies to back up my assertions there.
Furthermore, a pretty big part of our inefficiencies come from insurers taking their cut. Getting rid of that alone would save our country billions.
It would seem that if that was true then another insurance company would just rise up. take a smaller cut for their profit, and reduce costs to patients and win the market. And we would stop using the aforementioned major insurers who threaten to drop cancer centers mentioned in the summary of this story, driving them out of business, or forcing them to change.
So all that brings us back to your original post on social institutions.
My primary issue with government social institutions is being forced to contribute to them.
I am all for a private social institution for healthcare not run by the government, where people can voluntarily contribute their money to a pool to help cover each other's medical bills. The institution would have some operating costs, just like the government run ones, but could be non-profit or something, no share holders answer to and have to bleed cancer patients to line their pockets.
ChatGPT (which could be making things up) tells me that the breakdown of healthcare spending is as follows:
Government programs: 43%
Private for-profit insurers: ~20%
Private non-profit insurers: ~8%
Employer self-funded plans: ~13%
Out-of-pocket: 10%
Charity & philanthropy: 2–3%
If that is true then it is hard to point the finger at Private for-profit insurers being the problem with the United States spending excess.