Thursday, October 31, 2013

Obamacare Is the Worst-Case Scenario | National Review Online

Obamacare Is the Worst-Case Scenario | National Review Online: "Both Singapore and Switzerland have systems in which overall health-care spending is lower than it is in the United States but out-of-pocket health-care spending is higher. The shocking thing is this: So does practically every other country. A recent World Bank study finds that in the United States, only 20 percent of health-care spending comes in the form of out-of-pocket expenses paid by consumers. In Singapore, it is 88 percent and in Switzerland 72 percent. But even the single-payer systems of Canada and the United Kingdom feature more out-of-pocket spending by consumers, 49 percent and 53 percent respectively. How is it that in countries with “free” universal health care consumers pay more out of pocket than they do in the United States?"

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