I found this passage flipping through a random business book which looks attractive to me, but this is the first paragraph I stumbled on:
U.S. Healthcare costs have long been completely out of line with costs in other countries. The U.S. spends $2.5 trillion ($8,100 per head) on healthcare, or 18% of its GDP. This is half as much again as the 11% of the GDP spent in France and Germany and almost double the 9% in Britain and the OECD as a whole. The world’s next highest spender is Switzerland at only 12% of the GDP. Yet in the United States, medical outcomes such as cancer and cardiac survival rates are generally no better than the OECD average and substantially worse than in France, Switzerland and Japan.
Until recently, however, the vast disparities between United States and international health costs made no impression on U.S. public opinion. Americans have simply assumed that the rest of the world was out of step. Americans believed that their system might be more expensive, but delivered more innovation and greater patient satisfaction than socialized medicine in other countries, often using the rationed and underfunded British National Health Service (NHS) as their counterexample.
Nice Aristotelian logic there! We just have to work this reality into the current American consumer behaviors and mentalities.
Again, I plead with Americans to stop comparing our healthcare system to the British one—which I have to admit does a very good job.
Try comparing the U.S. healthcare system to the German system, which offers superior care, excellent primary care and preventative treatment and offers a public health insurance option. I just can’t be convinced that the best solution is cutting the doctor out of the equation. These are highly educated people who are probably the best ones to come up with the right solutions…
The passage is from Capitalism 4.0: The birth of a New Economy in the Aftermath of Crisis by Anatole Kaletsky. I can’t say if it’s a great book or not as I haven’t read through it and just picked it up 10 minutes ago, but that’s a great start. And I just flipped to a random section of the book!
