Tuesday, December 17, 2013

Welp, I know where we go wrong with health care costs in the US compared to other countries. We have to stop reaching the age of 55. See here why...

This is a bit dated (2009), however I am going to assume the proportions probably have not changed much.  Something happens with the cost structure of the US health care system (RED line) after people reach the age of 55 that does not happen in some European countries. The cost curve goes vertical.  I inserted an estimate of per person spending on health care in the US in 2009 ($8,400).

It is quite surprising to me that US health care costs are right in line, albeit higher on average, with these European countries right up to age 55. Our average per capita cost is definitely brought up by the marginal cost of each person 55 and beyond.  Seems like we know the where the problem lies.

What are we doing about it?
Source: Forbes

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1 comment:

  1. The ArthurianDecember 18, 2013 at 5:43 PM

    You go to the doctor with a specific complaint. The doctor finds five other things wrong with you, schedules appointments with two specialists for you and a follow-up visit with herself. If you follow through on those visits, there are more follow-ups and possible additional specialists. If you cancel all those appointments and then several months later try to see the same doctor, she can't see you for two months or more.

    Oh, and it isn't "her" ... It is an division of the medical-industrial, multi-doctor complex. I felt like one of the humans in those energy coffins on The Matrix; I exist solely to serve the generation of their profits. My concerns matter to them not at all. Eventually I found a better doctor, but it took me long to realize I was being taken. I think you hit the nail on the head: You get a little older, you get a little concerned about your health, and they fully exploit your concern, for a profit.

    Why are health-care costs so high? Hmph! What a system!

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