What are you talking about, health care for the elderly is terrible! I guess you've never had to take care of an old person in the US? And never been exposed to northern European healthcare?
https://www.pgpf.org/chart-archive/0252_health_outcomes_spen...
For example, let's say the US spent 2x on healthcare as some country, but had 4x the disposable income, would this still be overspending or would it be more efficient given the amount relative to income? The closest I can find is health spending as % of GDP but that doesn't capture what a person's income, since it includes government spending too, so it obfuscates whether or not the inefficiency (if any) lies in private or public healthcare in the US.
Physicians in the US are protected, there's only a limited number of slots every year in med schools. This is fake scarcity
Healthcare spending in $ per capita doesn't capture how much people earn in that country or how much of a burden it is relative to their income so its kinda meaningless without more context. It's like saying the US economy is better than 85% of the OECD because its in the top 5 gdp per capita.
Most people in the US don't have "disposable income" from my perspective
Discretionary income might be an even better measure but that has more wiggle room on defining what is a necessity and not.
https://data.oecd.org/hha/household-disposable-income.htm [1]
Its literally just money after taxes, and most people are living paycheck to paycheck
That's the point, where is that extra spending going? What good is it doing? Why is any other question the topic of discussion?
Does Venezuela have a bunch of leeching middlemen at every possible point in their systems due to the massive push for privatization?
Profiteering leeches resources from a system to benefit a small number of people at the expense of the rest of the healthcare system
In my opinion, please excuse my language, but it's fucking insane
The whole thing is totally absurd and short sighted, it's damaging to society. This is why there's more stability in some EU countries. We shouldn't be sacrificing stability for profits, that's a terrible idea. We need a stable populace to make stable progress and have a robust system that lasts for generations
Absolutely massive amounts of value is destroyed (and patients harmed) just doing super inefficient shitty processes because no one has the ability or incentive to do any better at a systemic level.
Everyone in the system who has a degree of control gets paid very well keeping the wheels turning and consuming cash.
That's why the profit is so minimal, because there are just so many people providing little to no benefit all taking their piece and spreading it over a bunch of salaries while people get denied treatment