canadianized health
Today I saw an ad on TV complaining that American health care is being "Canadianized." All I can say is that I wish these Americans would stop lying about the Canadian health care system. While most Canadians seem to agree that our health system is a bit of a mess, we also seem to agree that we don’t want the American system, thank you very much.
The US market-driven medical system spends about 14% of its economy on health care, while Canada's cost is about 9% of GDP. Both countries' health care costs stood at about 7% in 1971, when the Canadian system converted to the public system and the US decided to stick with a market-driven private system. Yet the Canadian system covers everyone; the American system doesn’t. Private delivery of health care means money is lost to the profits investors demand (as much as 15%), higher executive salaries, higher marketing/advertising costs, and lost economies of scale.
Why attack the Canadian system? Part of the answer lies in the fact that to the American health care industry, Canada is just one huge, untapped market that they would love to have access to.
