Average life expectancy in U.S. is 78 (Italy is 82)
10% of adults in U.S. have diabetes compared to 4% in U.K.
Angiogram in U.S. costs an average of $798. compared to $35. in Canada
17% of our GDP is spent on health care
No other nation spends more than 12% of GDP on health care
Most benefits of Obamacare haven’t yet been implemented
26 states have filed legal challenges because of the requirement that everyone buy health care insurance.
Obamacare was in general copied from Switzerland’s health care system
11% of Switzerland’s GDP is spent on health care – it is a free market economy
7% of Taiwan’s GDP is spent on health care – it is a free market economy
Economist Kenneth Arrow (Nobel Prize Winner) says markets don’t work well in health care.
Reasons are that unlike most goods and services:
People don’t know when they’ll need health care services.
When they are needed cost is usually huge and prohibitive.
We want everyone to have equal access to basic health care.