Expensive health care is not always the best health care
In it, I show how the Canadian health care systems (one for each province) outperform the U.S. health care system on almost all measureable metrics at half the costs (spending per capita).
For the more academically inclined, I found a few peer-reviewed papers related to what I discussed above. I know that many more publications exist, but I will leave to others to look for them.
Decker, S.L., Remler, D.K. (2004) How much might universal health insurance reduce socioeconomic disparities in health? A comparison of the US and Canada. Applied Health Economics and Health Policy, 3 (4), pp. 205-216.
O'Hara, B. (2004) Do medical out-of-pocket expenses thrust families into poverty? Journal of Health Care for the Poor and Underserved, 15 (1), pp. 63-75.
Himmelstein, D.U., Thorne, D., Warren, E., Woolhandler (2009) Medical Bankrupcy in the United States, 2007: Results of a National Study. The American Journal of Medicine, Vol. 122, No. 8, pp. 741-746.
Himmelstein D.U., Warren E., Thorne D., Woolhandler S. (2005) Illness and injury as contributors to bankruptcy. Health affairs (Project Hope) Suppl Web Exclusives: W5-63-W5-73.
Woolhandler S., Campbell T., Himmelstein D.U. (2003) Costs of health care administration in the United States and Canada. The New England journal of medicine, 349 (8), pp. 768-75.
This one also discusses the impact of loss of income when someone falls severely ill:
Smith, J. (1999) Healthy bodies and thick wallets: The dual relation between health and economic status. Journal of Economic Perspectives, 13 (2), pp. 145-166.
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