Why USA Healthcare is Better!

John J. Ray over at Socialised Medicine has a nice commentary on why USA Healthcare is Dearer: Its Better:

WHY U.S. HEALTH CARE IS DEARER: IT'S BETTER

According to those who subscribe to the myth of massive waste in health care spending, the large discrepancy in the share of GDP devoted to health care (15 percent in the United States, compared with less than 10 percent in many other developed countries) reflects the inferiority of our system. They take our higher spending level as irrefutable proof of the inefficiency of our system of private and public financing relative to a more socialized approach.

Instead, I am prepared to make the following bet: ten years from now, it will be objectively clear that the United States provided significantly better health care to its citizens between 1990 and 2005 than did other developed countries. From the vantage point of 2015, the policy blunder of the past fifteen years will not be that the United States spent too much on health care, but that other countries spent too little. The socialized systems, forced to ration health care because tax revenues are not sufficient to pay for state-of-the-art care, are constraining their citizens from being diagnosed and treated as well as Americans.

I am not denying that waste exists. However, I contend that the difference between health care spending in the United States and that in other countries cannot be accounted for by the wasteful items that critics have identified.....

Read more here.

Read the Source article here.