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Politics : A US National Health Care System?
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To: Brumar89 who wrote (15767)3/31/2010 5:06:48 PM
From: TimF  Read Replies (1) of 42652
 
Good article.

This is a key point that doesn't get a lot of attention.

"Here in the United States," Mr. Becker says, "we spend about 17% of our GDP on health care, but out-of-pocket expenses make up only about 12% of total health-care spending. In Switzerland, where they spend only 11% of GDP on health care, their out-of-pocket expenses equal about 31% of total spending. The difference between 12% and 31% is huge. Once people begin spending substantial sums from their own pockets, they become willing to shop around. Ordinary market incentives begin to operate. A good bill would have encouraged that."
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