Monday, April 21, 2014

US #1 IN HEALTHCARE - COST

Healthcare costs in U.S. far exceed costs in other countries, report says


An average one-day hospital stay in the United States cost $4,293 last year, six times more than it did in Argentina and nearly 10 times the cost in Spain, an industry group reported Thursday.

Medical procedures, tests, scans and prescription medicine cost far more in the United States than in eight other countries, the International Federation of Health Plans said Thursday in its annual report.

“The price variations bear no relation to health outcomes; they merely demonstrate the relative ability of providers to profiteer at the expense of patients, and in some cases reflect a damaging degree of market failure,” said Tom Sackville, the group’s chief executive.
 Six Charts That Illustrate Just How Much Higher Health Care Costs Are For Americans