The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Micawber who wrote (17346)	2/15/2004 10:28:10 AM
From: KyrosL	Read Replies (2) of 306849

You're kidding, right? Not kidding at all. I think that one of they key competitive disadvantages for the US (and US companies) is that health care in the US costs more than 50% more than other industrialized countries (as a % of GDP), even though the US has a younger population. To add insult to injury, the US lags other industrialized countries in almost all health statistics. The reason is the hodge-podge of private insurance plans that waste 40% of the health care dollar in bureaucracy, the crazy tort system, and the fact that the health system ultimately pays for all the uninsured anyway, after they get bankrupted and their medical conditions become critical and much more expensive to treat. Meanwhile, companies in Europe and Japan don't have to pay directly any of the health care expenses of their employees and retirees. Plus the health expenses for these countries are a lot less than the US. We have to face the sad fact that on an essential service like health care, which is basically a "right", the US system has failed miserably, and it's about time to try something that apparently works.

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