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Health care and banking are two heavily regulated industries. All the regulations prevent them from lowering the cost.
Then why is banking so cheap? (costs me very little for multiple bank accounts and services).
How did the government come up with a polio vaccine and make it cost little or nothing?
"In 1938, U.S. President Franklin D. Roosevelt, the world's most recognized victim of the disease, had founded the National Foundation for Infantile Paralysis (known as March of Dimes Foundation since 2007), an organization that would fund the development of a vaccine.
In 1947, Salk accepted an appointment to the University of Pittsburgh School of Medicine. In 1948, he undertook a project funded by the National Foundation for Infantile Paralysis "
I'd say it has nothing to do with regulation and everything to do with corporate profits and lack of conscience. Anytime a corporation can make more money, it's acting as it should within its charter. It's the LACK of regulation that allows this.
The US has good quality of health care, what holds it back in relation to studies such as this is cost and access.
Universal system are always going to tank more highly in relation to access for everyone, and if that is a major criteria of this study which I suspect it is then the US is going to do as well.
Unhealthy lives was a major tanker.
That 75% of us are overweight-obese means we are substantially more vulnerable to otherwise preventable disease, Diabetes, Heart Disease, Stroke and some Cancers.
Treating these diseases cost $$$.
This is a personal responsibility issue that cannot be blamed on government, insurance, big pharma or any of the other boogymdn the masses blame for the cost of healthcare.
If a magic want could right size the US population and keep all within a healthy waist size, the Federal Government could pick up the entire tab for healthcare and spend less than it does today.
What incentive the government has to treat you better? None!
The government would be much likelier to want people treated successfully. It costs them money to keep people sick, and it costs a potentially productive person (who would otherwise be able to work at a higher capacity, thus bringing in more tax dollars).
Private healthcare profits directly off of people staying sick.
Martin Shkreli, the guy who will be going to jail for selling Daraprim at extortionist pricing, was perhaps the most honest ...as to why it cost so much. When asked why the price of Daraprim rose from $13 to $750 a pill, he said "Because we can!". It's just pure, unmitigated greed! The other CEOs may couch it in different terms, but essentially they agree with that sentiment. "We'll squeeze whatever we can out of any patient until someone stops us", seems to be their modus operandi.
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