American Economics Thread

[Hendrik_2000]

Socialized medicine with "single payer" system is not doable right now, and I'm not sure if it'll be doable anytime soon. At least I hope I don't see it in my lifetime anyway. Private groups in America, on the other hand, have systems you speak of. One if FaithShare; a Christian insurance group where people share the medical costs per your description of Japan's system.

It is not doable in US out of ideology But it work for a lot of countries Canada has similar system like Japan single payer system . Overall it is B grade overall but much more efficient than US system of confusing and fragmented and super expensive health system

In Canada access to health insurance is a right and not a privileged It is tradition started from the prairie provinces of Manitoba, Saskatchewan due long dominance of NDP party(Socialist). And everybody agree on it. The federal, province, employer, and you all chip in to pay for the service

Everybody had access to health care regardless of age, income,The downside is long waiting time for non urgent surgery. And prescription is not included. Of course you have higher taxes but it is worth ed for the overall well being of Canadian. Canada just voted the 2nd best country to live in if you don't mind long winter

Please, Log in or Register to view URLs content!

Pro: An Overall of “B” Ranking for Health Performance and Quality of Life


Canada has been proven to be one of the best in health care system in the world despite some of the flaws here and there. According to the Conference Board of Canada, its overall performance on health outcomes is ranked “B” amongst its peer countries, which means Canada is still in a good condition when it comes to their survival rates. Therefore, Canada ranks its best on seven health indicators that includes better life expectancy, mortality due to medical mishaps, abortive mortality, mortality caused by respiratory disorders, mortality for circulatory disorders, death rates in mental disorders and self-reporting health condition.

Please, Log in or Register to view URLs content!

 

[antiterror13]

NZ has excellent public healthcare system which is largely funded by the Govt, most treatment in public hospitals are free and medicines are significantly subsidised (most are max NZ$5 per medicine for 3 months ..i.e Lipitor). The quality of public hospitals are excellent, the only problem is you may have to queue to get the service. The queue is largely based on how serious your illness is.

Many companies (including mine) provide full medical insurance to cover myself, my wife and children up to 20 yrs old. Because my wife's office also offer the same ... basically myself and my wife have 2 medical insurances (different modules) so we both have much wider coverage.

Please, Log in or Register to view URLs content!

The most popular medical insurance in NZ is Southern Cross, it is a non profit organisastion

Please, Log in or Register to view URLs content!

So .... if you don't have medical insurance in NZ ... in many (maybe most) cases you will be fine

Another thing that is excellent in NZ is we have Accident Compensation Corporation (ACC), basically everybody, including visitors/tourists are covered for any Accident (car crash, broken bone, sport injuries, etc). At the moment, every $100 we earn, the deduction for ACC is $1.39 max $1,696. Also every liter petrol or diesel we use, there is some ACC components, etc, etc

Please, Log in or Register to view URLs content!

 

[Blackstone]

It is not doable in US out of ideology But it work for a lot of countries Canada has similar system like Japan single payer system . Overall it is B grade overall but much more efficient than US system of confusing and fragmented and super expensive health system

In Canada access to health insurance is a right and not a privileged It is tradition started from the prairie provinces of Manitoba, Saskatchewan due long dominance of NDP party(Socialist). And everybody agree on it. The federal, province, employer, and you all chip in to pay for the service

Everybody had access to health care regardless of age, income,The downside is long waiting time for non urgent surgery. And prescription is not included. Of course you have higher taxes but it is worth ed for the overall well being of Canadian. Canada just voted the 2nd best country to live in if you don't mind long winter

Please, Log in or Register to view URLs content!

Pro: An Overall of “B” Ranking for Health Performance and Quality of Life


Canada has been proven to be one of the best in health care system in the world despite some of the flaws here and there. According to the Conference Board of Canada, its overall performance on health outcomes is ranked “B” amongst its peer countries, which means Canada is still in a good condition when it comes to their survival rates. Therefore, Canada ranks its best on seven health indicators that includes better life expectancy, mortality due to medical mishaps, abortive mortality, mortality caused by respiratory disorders, mortality for circulatory disorders, death rates in mental disorders and self-reporting health condition.

Please, Log in or Register to view URLs content!

Canada's public health scheme may work for some, but it's notable their elites, including high-ranking politicians, come to the US for treatments. Also, history show large-scale socialized programs provide public goods to larger segments of the society, but with lower efficiency and greater vested interests that don't necessarily have the nation's best interests in mind.

 

[Blackstone]

NZ has excellent public healthcare system which is largely funded by the Govt, most treatment in public hospitals are free and medicines are significantly subsidised (most are max NZ$5 per medicine for 3 months ..i.e Lipitor). The quality of public hospitals are excellent, the only problem is you may have to queue to get the service. The queue is largely based on how serious your illness is.

Many companies (including mine) provide full medical insurance to cover myself, my wife and children up to 20 yrs old. Because my wife's office also offer the same ... basically myself and my wife have 2 medical insurances (different modules) so we both have much wider coverage.

Please, Log in or Register to view URLs content!

The most popular medical insurance in NZ is Southern Cross, it is a non profit organisastion

Please, Log in or Register to view URLs content!

So .... if you don't have medical insurance in NZ ... in many (maybe most) cases you will be fine

Another thing that is excellent in NZ is we have Accident Compensation Corporation (ACC), basically everybody, including visitors/tourists are covered for any Accident (car crash, broken bone, sport injuries, etc). At the moment, every $100 we earn, the deduction for ACC is $1.39 max $1,696. Also every liter petrol or diesel we use, there is some ACC components, etc, etc

Please, Log in or Register to view URLs content!

Healthcare in the US is roughly 20% of the economy. Twenty percent! And cost has risen at much higher rates than inflation. One big cost adder is tort, and serious cost reductions in the industry isn't realistic without tort reforms. But the vested interests has no incentives to stop seeking economic rents, so healthcare will continue its death spiral, and it really doesn't matter if we have Obamacare or Trumpcare.

 

[Equation]

Private groups in America, on the other hand, have systems you speak of. One if FaithShare; a Christian insurance group where people share the medical costs per your description of Japan's system.

So in other words, accept my "god" or at least put in a few good words and I will help you with your medical cost? Sharing cost is the same as socialism whether it's public or private.

 

[Equation]

Healthcare in the US is roughly 20% of the economy. Twenty percent! And cost has risen at much higher rates than inflation. One big cost adder is tort, and serious cost reductions in the industry isn't realistic without tort reforms. But the vested interests has no incentives to stop seeking economic rents, so healthcare will continue its death spiral, and it really doesn't matter if we have Obamacare or Trumpcare.

If only the US has some enlightened leaders in government to prevent this. Health care cost rise in the US are due to an elite few holding both the medical industry and public hostage by paying off the government to pass laws that are almost impossible to deal with.

 

[Equation]

Canada's public health scheme may work for some, but it's notable their elites, including high-ranking politicians, come to the US for treatments. Also, history show large-scale socialized programs provide public goods to larger segments of the society, but with lower efficiency and greater vested interests that don't necessarily have the nation's best interests in mind.

That depends on what kind of specialized treatment you are referring. Heck Americans goes to Mexico for plastic surgery and cheaper prescription drugs as well as Canada.

 

[Hendrik_2000]

Canada's public health scheme may work for some, but it's notable their elites, including high-ranking politicians, come to the US for treatments. Also, history show large-scale socialized programs provide public goods to larger segments of the society, but with lower efficiency and greater vested interests that don't necessarily have the nation's best interests in mind.

I don't understand what you for elite because everybody get access to it so it is not just for elite. In fact the elite opt out for private insurance . Yes it it 2 track system but it is universal and definitely more efficient. Canada spend 10% of GDP for health care vs 17% for US

With public approval of 87% It is a success Another thing drug is not cover but the Federal government act as single buyer for the province. So drug company has to negotiate price with one single payer resulting in lower drug price
That is why American on the border states go to Canada for their prescription drug

Again American just has hang up they like the tough guy images of independent cowboy. Look at the Obamacare controversy

 

[Blackstone]

I don't understand what you for elite because everybody get access to it so it is not just for elite. In fact the elite opt out for private insurance . Yes it it 2 track system but it is universal and definitely more efficient. Canada spend 10% of GDP for health care vs 17% for US

With public approval of 87% It is a success Another thing drug is not cover but the Federal government act as single buyer for the province. So drug company has to negotiate price with one single payer resulting in lower drug price
That is why American on the border states go to Canada for their prescription drug

Again American just has hang up they like the tough guy images of independent cowboy. Look at the Obamacare controversy

American ethos is one that distrusts governments, so it's not a tough guy argument at all. But, that discussion is for another thread.

There are lots of stories on Canadians, including ministers and high office holders, that come to the US for important healthcare. Here are some for discussion. They're not isolated incidents. On the other hand, I recognize the advantage of providing healthcare to all residents, so to me it's not an all or nothing argument.

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

 

[Blackstone]

So in other words, accept my "god" or at least put in a few good words and I will help you with your medical cost? Sharing cost is the same as socialism whether it's public or private.

Get off the religious kick, you seem to have a personal problem with it. And I don't care to argue over it. I pointed to one type of "shared cost" arrangement, and if you like, pretend I cited a non-religious example.