Published on Aug 20, 2013
In
which John discusses the complicated reasons why the United States
spends so much more on health care than any other country in the world,
and along the way reveals some surprising information, including that
Americans spend more of their tax dollars on public health care than
people in Canada, the UK, or Australia. Who's at fault? Insurance
companies? Drug companies? Malpractice lawyers? Hospitals? Or is it more
complicated than a simple blame game? (Hint: It's that one.)
For a much more thorough examination of health care expenses in America, I recommend this series at The Incidental Economist: http://theincidentaleconomist.com/wor...The Commonwealth Fund's Study of Health Care Prices in the US: http://www.commonwealthfund.org/~/med...
Some of the stats in this video also come from this New York Times story: http://www.nytimes.com/2013/06/02/hea...
This is the first part in what will be a periodic series on health care costs and reforms leading up to the introduction of the Affordable Care Act, aka Obamacare, in 2014.
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