The US is fourth in the world in terms of per capita government spending on health care, behind only Norway, Luxembourg, and the Netherlands. So where does this money go? Interesting how much of it winds up in the pockets of private insurance companies.
The US House of Representatives voted today to “repeal and replace” Obamacare. Unfortunately, those who use the phrase “repeal and replace” are greatly exaggerating the extent to which the Affordable Care Act is actually repealed.
While perhaps a tiny step in the right direction, the new legislation signals no departure whatsoever from the long-establishedtrend of expanding the role of government programs in subsidizing andregulating the healthcare industry.
Perhaps worst of all, since this is being called a “repeal,” many may be prompted to think that the US health care system is a “free market” system, or that government spending has only a very small role in the industry.
This couldn’t be further from the truth.
In fact, the US is fourth in the world in terms of per capita government spending on health care, behind only Norway, Luxembourg, and the…
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