Comment by thrance
3 hours ago
Here goes:
Healthcare is an inelastic market, people are willing to pay anything to get it. Private insurance companies have grown into a kind of cartel and are able to jack up prices at will, going as high as customers are able to pay. They are disincentivized to pay for expensive treatments, to increase their margins. These companies are so powerful, and officials are so easily corrupted, that they are able to get their way with legislation every time.
All of this combines into a huge vicious cycle that is able to extract more and more wealth for worse and worse results.
Americans used to live longer than Europeans, you know? Now it's the opposite. Certainly, food in America is worse and people drive more instead of walking. But then again, the State isn't incentivized to keep its citizenry healthy, since it doesn't pay for healthcare. To me, this is part of a package deal, there's no sense in trying to decorrelate public health from healthcare systems.
>Americans used to live longer than Europeans, you know?
When, in WW2?
>They are disincentivized to pay for expensive treatments, to increase their margins.
I've experience both systems. It's worse (for me) with European state-run healthcare I am right now, where they are even more disincentivized to pay for expensive treatments, except not to increase margins but because the system is constantly broke, so the treatments are always long-wait and last-gen compared to the cutting edge fast-track you get in the US, if you're insured, or you pay through the nose for it, or your insurance does if you work for a decent company.
So that doesn't explain why Americans live less despite being able to get cutting edge care faster. You know, maybe a diet of processed food and sedentary lifestyle can't be undone by a faster MRI/surgery appointment with cutting edge equipment.