"..The USA spends about twice as much per person on health care as other developed countries. However, the prices paid by Americans or their insurance carriers for medical procedures are typically about triple what is paid in other developed countries. Hence, Americans consume less health care services than their foreign counterparts. Obamacare does not seriously address the price problem and would thus appear likely to only exacerbate the problem.



Government spending has been increasingly driven by medical care prices. Government pays half of the costs of health care in the USA. When the tax spending aspects of the tax deductibility and exclusions of medical care and insurance expenses are included, the impact of health care costs on the deficits is even larger. In many respects, the health care price crisis in uniquely American. Our Government spending on healthcare per capita exceeds that of any other country in the world, including those where there is very little private health care expenditures.



Adopting the second worst healthcare system in the world, Canada, Germany and the UK are probable the best candidates for that dubious honor, would allow the USA to eliminate much of the Federal budget deficit. That would probably be beneficial to financial markets. See: The Market Multiple On The S&P 500 Can Be Explained: P/E Ratios Are Inversely Related To Future Federal Spending

http://seekingalpha.com/article/1522942-the-market-multiple-on-the-s-p-500-can-be-explained-p-e-ratios-are-inversely-related-to-future-federal-spending

Being the second worst healthcare system after the USA, is like being the second worst nuclear accident in the last decade after Fukushima. There probably was another nuclear accident where a few people were injured in the last decade, but none comes to mind immediately. .."

http://seekingalpha.com/article/1647632

