The price of Medical Imaging Equipment in the U.S. is at least 20% higher than everywhere else, and it wouldn’t surprise me that the same is true of all Medical Equipment. While the Democrats in the White House and Congress have focused on providing for the many uninsured, the overall cost must surely increase, and small to medium-sized businesses will bear the bulk of the burden. How can they now be expected to hire new workers and reduce the very high rate of unemployment?
Before the ‘reform’ bill passed, a recently published Commonwealth Fund study found that health spending was US$7,290 per person in the United States, almost double that of any other country in the survey.
Canadians spent $3,895, the Netherlands $3,837, Germans $3,588, Australians $3,357, and Britons spent $2,992 per capita on health in 2007. New Zealand spent the least at $2,454.
There must be a way to reduce the cost of healthcare in the U.S. without compromising the system of free enterprise through Federal regulations. Maybe the growth of medical tourism is the answer. I wonder how much costs would come down if U.S. insurance companies would cover medical procedures for Americans willing to travel, to Canada, for example.