Healthcare Debates Are Heating Up Worldwide: Why?
I'll note a few solutions, but will focus more on the actual problems.
For example, all over the world health care is having problems well why? The answer is so simple you're going to laugh or cry.
Now this is going to be a rough topic, so first things first let's lighten the mood.
Super Quick: @sinzzer this is for you, you wrote an interesting article on healthcare in New Zealand and I said I would write a bit about healthcare since it was a bit much for a comments section.
Consider this question for a moment...
Do Witch Doctors Ever Get Sued For Malpractice?
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Universal Truth
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- Life is worth more than money (Would you sell 30 years of your life for 1 million dollars? How about 1 billion dollars?)
- Death is an absolute (old people get sick and die)
- Pain hurts (we have a desire to reduce pain as quickly as possible)
- Increased knowledge can lead to increased standard of living if the increased complexity such knowledge brings can be understood
Premise of Healthcare
Great Design he says with heavy sarcasm
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Every country that I have investigated constructed their Healthcare systems based on the same premise, with exception to small markets that sort of still exist in the United States.
So what is this premise?
- Young pay for the old, (hint: here is why healthcare is falling apart worldwide)
- Healthy pay for the sick (socialist style design)
- Second and Third Level payment system (Is not a direct pay system, which leads high levels of bureaucracy)
High Cost Causes
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I'm sure you can already see exactly what is leading to the high costs
- Birth rates in the West have drastically fallen, what's that mean for the young pay for the old? Exactly, young has to pay more and more and more until what? Well until we are all broke. (as taxes and bureaucracies increase, birth rates fall, classic no win scenario)
- The socialist style design leads to immense waste, because no one is directly paying for the care they receive. Look up the study that made made start pushing credit and debit cards. (ever wonder why they build that billion dollar infrastructure? wasn't a group of bankers that decided they wanted to be nice)
- The increase in bureaucracy eliminates smaller healthcare providing businesses. Leaving only giant hospitals in the wake, these hospitals will buy the latest and greatest technology every year and the costs of these technologies are billed to you. Most illnesses do not require a hospital, but when all that is left are hospitals there will be enormous waste.
- Enormous bureaucracy and regulation exists in the drug industry.
Quick thought I want you to bounce around in your head for a moment:
Vaccines are not regulated and they are more widely taken then any other legal drugs, interestingly they are also the cheapest legal drugs too.
How to Fix It?
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Haha just kidding
Well if you aren't going to switch to actual capitalist based systems and pay your bills yourself....and I don't blame you for not doing it, because it's either illegal or you're already paying a giant tax for your care.
So you are in the hands of politicians, the majority of which have below or only average IQ's.... what to do...
Start having a lot of kid's, spread the cost as much as possible. Then there's more of you then them. Otherwise your governments are going to import tons of foreigners to your country in the hopes that they will pay the costs.
Just Some Facts
So when I write about something, I go read facts first, lot's and lot's of facts, below are some you might find interesting
World Data
- Country GDP and Patient Out-of-Pocket expenditures do not directly correlate (WHO)
US Data
- 100,000 to 200,000 people enter the US to receive healthcare (this data does not include travelers from Canada or Mexico) (USITC)
When it comes to Canada exports of healthcare (Canadian coming to the US for care) they make up 12% over our overall patients coming to the US for care. (for some context, that is on average up to approximately 40,000 people annually coming from Canada to the US for healthcare) (USITC) - Healthcare is an exported good for the US and is a multi-billion dollar net gain for the US (USITC)
- Healthcare expenditures by Insurer increased by 4.8% for Medicare, 9.7% for Medicaid and 7.2% for Private Health Insurance in 2015 (CMS)
- The largest increases occurred in the following markets of Healthcare; Presciption Drugs 9%, Residential and Personal Care 7.8%, Home Health Care 6.3%, Physician and Clinical Services 6.3% in 2015 (CMS)
- Spending break-down; Federal Government accounted for 29% of spending, households 28%, private business 20%, state and local governments 17%. (CMS)
- Federal government spending increased 8.9%, Household spending increased 4.7%, State and Local government spending increased 4.6% and private business spending increased by 5.3% (CMS)
Canada Data
- Over the last 15 years, health care costs rose by 116.4%, while GDP rose by 77.4% (Fraser)
- Healthcare spending modeling projects a 5.3% annual increase from 2016 to 2031 (Fraser)
- 40.1% of Provincial program spending is consumed by Healthcare spending
- Overall Growth Rates: Health spending increased 116.4%, Non-health program spending increased 94.6%, Program spending overall increased 102.8%, while GDP only increased 77.4% (Fraser)
Remember to Follow & Upvote if you enjoyed the material
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References:
https://www.usitc.gov/publications/332/executive_briefings/chambers_health-related_travel_final.pdf (USITC)
http://apps.who.int/iris/bitstream/10665/255336/1/9789241565486-eng.pdf?ua=1 (WHO)
https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/downloads/highlights.pdf (CMS)
https://www.fraserinstitute.org/sites/default/files/sustainability-of-health-care-spending-in-canada-2017.pdf (Fraser)
An amazing idea! So cool to see this!
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