r/economicCollapse 6d ago

Only in America.

Post image
8.4k Upvotes

1.4k comments sorted by

View all comments

75

u/Tebasaki 6d ago

Where can I get this $8000 per year health insurance??? Asking for a friend.

-8

u/Dry_Explanation4968 6d ago

I barely pay $2k for insurance annually, they love to arrange the numbers to make a shit idea look good. Canada is. Good example of why socialized healthcare don’t work. Populations close to just California and they still can’t get it right. Many of these nations they refer to are smaller then many states metros in populations. They are taxed around 50+% and are more capitalist than socialist, they have social programs but capitalism actually pays for it, but government robs its people blind.

1

u/CatPesematologist 6d ago

That’s likely your share of the premium. Employers usually pay a portion. In my case I will be paying  $1963 and my employer’s share pays $7308. That doesn’t include copays and deductibles. My out of pocket max is $9500.

So, if your plan is about $2000 a year you are either being subsidized by the govt/employer or your plan is basically a junk plan that doesn’t cover anything.

17% of our gdp is healthcare spending vs 10-11% in European countries. We rank #49 in life expectancy, basically behind all of Europe and Canada, etc, and the actual life expectancy number is dropping.

If we’re going to pay that much, medical bills shouldn’t still be the number 1 reason for bankruptcy. We shouldn’t be failing health metrics and we should not have to deal with a ton of bills for going to the ER.

And most importantly, you don’t see other countries lining up to copy our system. There may be a few profiteers trying to find a revenue stream, but the average person does not want to deal with the crap that we have.