All Entries in the "Health" Category

The Free Market That Never Was

Socialism for the rich, capitalism for the poor. As Timothy McGettigan points out, the ideal of free market capitalism being good for the economy, and good for the world, is largely a myth. Nowhere is this clearer than in the case of health care. When compared against, for example, Canada’s health care system, the US private system is more expensive and less effective. And despite the rhetoric, the US GOVERNMENT spends almost twice as much per capital on its “private” health care. In fact, the US spends more per capital on healthcare than any other developed nation despite its efficiency rhetoric! So why does a privately funded medical system cost more for the US taxpayer than a publically funded Canadian system? Inquiring minds want to know.