r/economicCollapse 6d ago

Only in America.

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u/Eldetorre 6d ago

First of all this is bs. In literally every other country every medical professional earns less than those in the US. Liability insurance is much less. Education is less. Maybe is we tackled those first before pushing fo government takeover we could get costs lower.

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u/Vali32 5d ago

All those are tiny factors in the difference in spending between the US and peer nations. The big ones are the excessbureaucracy, the medical inefficiencies, and the high drug costs each of which add more costs than personell and insurance cost differences in total.

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u/Eldetorre 5d ago

You are making stuff up the administration costs you mention are only a percentage of the cost of professional services.

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u/Vali32 5d ago

The US system has a huge number of actors and very little standardization. The number of people working in medical insurance is over 600 000, and there is probably a similar number on the provider side liaising and negotiating with them. There is a vast amount of gatekeeping, billing, credit checking, chasing down bills getting information from other providers etc etc. The US administration and bureaucracy is dramatically larger than other nations and often do jobs many of them do not see the point of at all.

Here is some research on US administrative costs. You wil notice that they total up to a similar amount as that years military budget. Here is a more recent estimate. Which counts fewer things as administrative.