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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe War on Social Security and the War on Excessive Health Care Costs (with charts - dialup warning)
http://www.cepr.net/index.php/blogs/beat-the-press/the-war-on-social-security-and-the-war-on-excessive-health-care-costs?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+beat_the_press+%28Beat+the+Press%29***
The graphs showed that the United States is a huge outlier, paying two or three times as much as other countries (sometimes more) for nearly every item on the list. The bottom line is that we spend 8.1 percentage points ($1.3 trillion a year) more of our GDP on health care than the average for other wealthy countries. We have nothing to show for this in terms of better health care outcomes. (The gap is actually larger, since average income in these countries is around 25 percent less than in the United States. We would expect to have better outcomes even if we spent the same share of our income on health care, just as we would expect better housing if we spent the same share of our larger income.)
The reason why Klein's charts reveal the corruption of politics and the media is that this information is news to anyone. The media and politicians harp endlessly on the cost of Social Security routinely yelling about how outrageously expensive it is. In fact, National Public Radio just did a major piece on the Social Security disability program and proclaimed to listeners that it was unaffordable.
****
The failure of the media and politicians to focus anywhere near as much attention on the excess cost of the health care system as they do on the cost of programs that benefit low and middle income people is especially striking since one of the obvious ways to reduce costs is to simply take advantage of the lower costs in other systems. (Yes, it would make more sense to fix our health care system, but trade is a hell of a lot simpler.)
Yet, the media and politicians, including those who talk about "free trade" as a god equivalent, never mention health care as an item that should be subject to trade. As Klein's charts show, there are enormous potential savings from allowing people to have major medical procedures in other countries, from allowing seniors to use Medicare to buy into other countries' health care systems and of course in bringing in much lower paid doctors from other countries.
***
The graphs showed that the United States is a huge outlier, paying two or three times as much as other countries (sometimes more) for nearly every item on the list. The bottom line is that we spend 8.1 percentage points ($1.3 trillion a year) more of our GDP on health care than the average for other wealthy countries. We have nothing to show for this in terms of better health care outcomes. (The gap is actually larger, since average income in these countries is around 25 percent less than in the United States. We would expect to have better outcomes even if we spent the same share of our income on health care, just as we would expect better housing if we spent the same share of our larger income.)
The reason why Klein's charts reveal the corruption of politics and the media is that this information is news to anyone. The media and politicians harp endlessly on the cost of Social Security routinely yelling about how outrageously expensive it is. In fact, National Public Radio just did a major piece on the Social Security disability program and proclaimed to listeners that it was unaffordable.
****
The failure of the media and politicians to focus anywhere near as much attention on the excess cost of the health care system as they do on the cost of programs that benefit low and middle income people is especially striking since one of the obvious ways to reduce costs is to simply take advantage of the lower costs in other systems. (Yes, it would make more sense to fix our health care system, but trade is a hell of a lot simpler.)
Yet, the media and politicians, including those who talk about "free trade" as a god equivalent, never mention health care as an item that should be subject to trade. As Klein's charts show, there are enormous potential savings from allowing people to have major medical procedures in other countries, from allowing seniors to use Medicare to buy into other countries' health care systems and of course in bringing in much lower paid doctors from other countries.
***
21 graphs that show Americas health-care prices are ludicrous
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/26/21-graphs-that-show-americas-health-care-prices-are-ludicrous/?tid=pm_pop
One note: Prices in the United States are expressed as a range. Theres a reason for that. In other countries, prices are set centrally and most everyone, no matter their region or insurance arrangement, pays pretty close to the same amount. In the United States, each insurer negotiates its own prices, and different insurers end up paying wildly different amounts. Thats what Steven Brills explosive article was about, and its why you see U.S. prices expressed as a range rather than a single number.
Bitter Pill: Why Medical Bills Are Killing Us
Read more: http://www.time.com/time/magazine/article/0,9171,2136864,00.html#ixzz2P2uOCTmz
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