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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Little Joe who wrote (101116)8/21/2009 12:03:23 AM
From: Elroy Jetson  Read Replies (2) of 116555
 
I like Australia where Medicare covers everyone and of course care is rationed. Any sensible business rations. Blue Cross, Cigna, Aetna, and every other private health insurer in America certainly rations care.

Australians can also purchase private health insurance, which supplements the payments and services provided by Medicare. This gives you access to more types of drugs and treatments and sometimes posher surroundings.

Although this private medical insurance typically costs only $1,200 a year only 23% of Australians purchase private insurance. The Howard government tried many schemes to increase the percentage of Australians who purchase private medical insurance, but 77% are clearly satisfied with Medicare.

In England where per capita medical spending in half of that in America and one third less than in Australia, people are less happy with the National Health Service. Should that be a surprise?

I'm also unaware of any private health cover option in England. That could be a factor as well.
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