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$10,345 per person: U.S. health care spending reaches new peak | PBS NewsHour
As of July 2016 we were spending over 10 thousand dollars per year for every person in the USA. That is over 3.8 trillion dollars. I would think that if we put all the money together we spend on health care we could set up a single payer system similar to other industrialized nations. Even a two tiered system similar to Medicare with the second tier being a supplement could work.
I pay for all my care out of pocket, because I'm young and kind of healthy, and I am an American living in Canada. I had a real bad bout of heartburn a few months back, went into the ER to make sure wasn't a heart attack. They billed me $300 bucks total. A few years earlier, at a time when I had no insurance and was living in the States, I went in for the exact same reason. Bill was 3200 bucks.
Now, I am not on Canada's single payer healthcare, because only people under a certain income get the free version. And I have no private insurance, because the cost of premiums would be way more than any cost I incur paying out of pocket. And the hospital I went to did nothing different, and the doctors make about the same. So why the difference in prices? Maybe it's the American hospitals jacking up all their prices 500-600 percent just because they can...