Thursday, January 24, 2013

Bending That Cost Curve

Matthew Yglesias offers up this chart of Canadian health care spending versus the United States:

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 This is the chart that I think ought to dominate the conversation about public-sector health care spending in the United States, and yet it is curiously ignored. The data show government health care spending per capita in the United States and Canada. The United States spends more. And that's not more per person who gets government health insurance, it's more per resident. And yet Canada covers all its citizens, and we don't. That should be considered shocking stuff, and yet I rarely hear it mentioned.
Matt goes on to make the point that Canada leverages the power of its health care system to get the lowest prices.  The United States basically refuses to, because Big Pharma and Big Insurance wants to make money.   Canada covers all of its citizens by spending about 25% less per person.  So why aren't we using the Canadian system?

Big Pharma, Big Insurance.

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