Why Healthcare Costs Trillions Less in Canada
As always before a major election, there's the chorus of threats. "If so and so wins, I'm moving to Canada." (Groan.) "This country is broke, and out of control, and we're all going to hell in a hand-basket."
And so it went this year, except that in 2012, many a Twitter tirade blamed the healthcare reform law—aka Obamacare, aka the Patient Protection and Affordable Care Act—now on its way to full implementation, for the urge among the electorate to flee the country.
I paraphrase, but some of the unenlightened comments went like this: "I'm moving to Winnipeg. Don't want the government controlling my life or my healthcare."
Here's the irony: The Maple Leaf nation's government-paid healthcare system, which requires few if any co-payments or deductibles, may provide much higher quality of healthcare services at a fraction of the spending compared with the Medicare program in the United States.
In a research letter in the Archives of Internal Medicine Oct. 29, Harvard physicians and professors David Himmelstein, MD and Steffie Woolhandler, MD, put the comparison into perspective for people 65 and older.
They used U.S. Medicare actuarial data dating back 30 years. They excluded payments for the disabled and patients on dialysis under 65, but included Medicare Advantage, and compared it with comparable Canadian Medicare healthcare cost data from three sources.
- CMS Sets 2014 Pay Rates for Hospital Outpatient and Physician Services
- FDA hopes hospitals will switch to newly regulated pharmacies
- The 5 Biggest Healthcare Finance Trouble Spots
- Not-for-Profit Hospitals Find Opportunity Amid Uncertainty
- Nonprofit Hospital Outlook 'Negative' in 2014
- The Most Polarizing Topics in Healthcare IT
- Are ACOs Really Different from HMOs?
- How CPOE Will Make Healthcare Smarter
- Why You Should Involve Patients in Nursing Handoffs
- Rise of the Chief Strategy Officer