The cost of USA health care is ridiculously high compared to the rest of the world. Even though the cost to USA consumers is suppose to be 'contained' by the insurance company spending 80% of the premiums on the actually application of 'health care;' that still doesn't contain the COST and therefore does not contain the premiums.
The 'idea' that the USA should have the highest costing health care PER CAPITA is exploitive to say the least. When looking at the cost of health care in other first world countries, their populous is far smaller then the USA. It stands to reason their 'cost per capita' should be higher and not the other way around.
The USA has a far larger 'customer pool' than any country of Europe and Canada. Canada has a large geographical area no different than the USA, however, Canada has only 10% of the USA population.
Canadian population is estimated to be 34,308,000 in 2011. While the USA population is estimated on January 2, 2010 to be 310,565,820 people. So, the 'health care pool' of the USA is the largest in the world and with every citizen contributing the COSTS per capita should be far less than any other country of the globe.
There is something very, very "W"rong with the current cost of health care in the USA. I sincerely believe there is an artificial factor at work to exploit the people of the USA when it comes to health care, because, nothing else makes sense.
...Like so many of the law's early reforms, (click title to entry - thank you) the impact of a strict "medical loss ratio" will be invisible to most consumers. But don't mistake that for insignificance. The bill's most strident critics cite this one provision as the basis for the claim that the government is "taking over" the health care system. That's a false claim, no matter how you slice it -- this is about insurance companies, not, say, hospitals or pharmaceuticals, and those insurers are all still private. They'll just have to play by stricter rules....
Chart (click here)
