For a much more thorough examination of health care expenses in America, I recommend this series at The Incidental Economist: http://theincidentaleconomist.com/wordpress/what-makes-the-us-health-care-system-so-expensive-introduction/
The Commonwealth Fund's Study of Health Care Prices in the US: http://www.commonwealthfund.org/~/media/Files/Publications/Issue%20Brief/2012/May/1595_Squires_explaining_high_hlt_care_spending_intl_brief.pdf
Some of the stats in this video also come from this New York Times story: http://www.nytimes.com/2013/06/02/health/colonoscopies-explain-why-us-leads-the-world-in-health-expenditures.html?pagewanted=all
This is the first part in what will be a periodic series on health care costs and reforms leading up to the introduction of the Affordable Care Act, aka Obamacare, in 2014.
[US citizens] pay more in taxes for healthcare than you would if you were British, and in exchange for those taxes, you get... no healthcare.
private healthcare spending -- most of Americans are privately insured through their employers -- is WAY higher than anywhere else in the world.
Okay, and now for the big one. I'm going to lump in-patient and out-patient care together because in the US we do a lot of thigs as out-patient procedures -- like galbladder surguries -- that are often in-patient procedures in other hospitals. So we're just going to make a big ball. That big ball is 500 billion dollars more than what you would expect given the size of our economy. Per year. Why? Well because in the United States we do not negotiate as aggressively as other countries do with healthcare providers and drug manufacturers and medical device-makers.
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