Posted on Mar 7, 2016
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To put the $600B that the US pays to provide health care for 54,000,000 people, Canada's 2015 expenditure was approximately $219.1B for 36,000,000 people.
Even assuming that CDN$1 = US$1 (it doesn't was roughly CDN$1 = US$0.80 in 2015) that would mean that the Canadian cost for 54,000,000 people would have been $328.65B (if you use the $0.80 factor that would reduce to around US$262.92B.
That would make the Canadian system roughly 2.28 times as "efficient" as the US system.
Don't take that to mean that the Canadian system is even close to perfect because there a lot of systemic inefficiencies built into it and modifying it from a "Single Payer / Single Provider" system to a "Single Payer / Multiple Provider" system would improve its "efficiency" quite a lot.
Even assuming that CDN$1 = US$1 (it doesn't was roughly CDN$1 = US$0.80 in 2015) that would mean that the Canadian cost for 54,000,000 people would have been $328.65B (if you use the $0.80 factor that would reduce to around US$262.92B.
That would make the Canadian system roughly 2.28 times as "efficient" as the US system.
Don't take that to mean that the Canadian system is even close to perfect because there a lot of systemic inefficiencies built into it and modifying it from a "Single Payer / Single Provider" system to a "Single Payer / Multiple Provider" system would improve its "efficiency" quite a lot.
Medicare Scammers Steal $60 Billion a Year. This Man Is Hunting Them
Posted from wired.com
Medicine
Government
Crime
Budget
Posted 9 y ago
Responses: 3
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It's easy for anyone who takes medicare as a payment to rake in the bucks. Ever look at your statement after a doc's visit... they have line charges for EVERYTHING. They can add in crap and the patient will never know, because they only get partrially charged and their co pay is small and not itemized.
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They have been several reports of cyber criminals filling for claims... You will find a big junk of that money with these criminals... It is time consuming...
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COL Ted Mc
Gayane Badalian-Very MD. Ph.D - Dr. Badalian-Very; It wasn't all that long ago that most of the states had laws requiring that hospitals and medical insurance companies be "not-for-profit". When those laws started to go away then the "bang-for-the-buck" of people's health care dollars started to decrease.
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Gayane Badalian-Very MD. Ph.D
Every state must have a healthy combination of non-profit and for profit section. The issue is not the for profit health care, but the pseudo non-profit health care that are abusing the government infrastructure and operate in the gray zone.
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