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Politics : View from the Center and Left
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To: cnyndwllr who wrote (51827)3/5/2008 2:55:19 PM
From: Katelew  Read Replies (1) of 541834
 
Wonderful post, Ed.

To it I would add the fact that healthcare costs in the US have been rising at a rate more than double that of inflation. To a great extent, insurers, hospitals, docs, etc., all players in the industry are free to raise their prices with impunity. There are few countervailing influences to keep these costs down.

The end result of this is that our large corporations, most of whom strive in good faith to provide excellent health benefits to their employees, are burdened with a cost of doing business that is greater than their EU counterparts. In terms of doing business with the rapidly growing emerging economies, our companies compete every day with EU and Japanese corporations.

EU and Japanese corporations, with their single-payer systems, pay considerably less to provide their employees with the same level of health benefits that employees of US companies have.
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