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sethnintendo said:

@MrStickball,

What do you suggest USA to do to fix the healthcare industry then? Make it completely privatized that way companies can jack up the price and only a select few can receive any healthcare. Get rid of it completely and let the old farts die? Pretty much USA is fucked one way or the other.

I know this was targeted at MrStickball but ...

One of the biggest problems in controlling the cost of healthcare around the world is that decisions related to a person's healthcare are handled by third parties; which translates into increased bureaucracy and prevents people from making rational decisions related to the cost of their heathcare.

In the United States this is worse than most because the government has created an environment where most people get their health insurance through their company with no knowledge of what it costs and no interest in lowering how much they’re paying for it. Beyond this, since the care they receive is paid for through their insurance they have no knowledge in how much they’re spending and no interest in reducing what is being spent on them.

While I wouldn't suggest this as a solution, you would probably see the cost of individual services and the amount people paid on average for healthcare drop to 25% current levels if you eliminated third party payment for healthcare.