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What are the pros and cons of Canadian or European Healthcare?

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What are the pros and cons of Canadian or European Healthcare?

Postby perth » Sat Apr 27, 2013 10:06 pm

There are a lot of pros and cons, and while I do not want to write a macroeconomic essay, the pros and cons of socialized medicine that I can think of on top of my head are:

Pros:
1. Reduced medical costs - Socialized medicine costs less
2. Extending care - 45 million Americans do not have health insurance
3. Creates a more humane and stress free society - people won't have to make a separate medical emergency funds bank account

Cons:
1. Increasing taxes - how else is this government program going to be sponsored?
2. No Competition - competition is as essential to markets as water is to mankind
3. Longer waiting lists - the title says it all
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What are the pros and cons of Canadian or European Healthcare?

Postby eron100 » Sun Apr 28, 2013 1:09 am

I just saw a film presented by Radio Canada on TV 5 the other day what the healthcare problems in Canada are. Even though some economists in the US concluded that the government can manage healthcare with least cost, I still doubt it when I see Canadian patients are waiting in the long list to see specialist,and have to get treatment in Cuba or even India instead.They even offer the money to get in the line, but they are rejected. They pay very high taxes, and then get in bureaucracy when they need to access the services. It is the problem some economists call the government know it all. And I am so sure that they cannot access the best technology and medication on earth. But they can avoid moral hazard created by the health insurance companies. Compared to the US, people can access the best healthcare when they get jobs. Otherwise, they have to be qualified for Medicare and medicaid, or emergency treatment.It might be moral hazard, but it is a trade-off for efficiency of the system.
I'm not even a student, just a patient sometimes.
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What are the pros and cons of Canadian or European Healthcare?

Postby andi » Sun Apr 28, 2013 3:39 am

The benefit is that everyone has access to free health care regardless of their status. There are some individuals in America who live without health insurance and with a universal health care system like Canada and Western Europe, people in such circumstances do not have to worry about paying if they have some expensive medical condition. The consequence of the universal health care system is funding, the government must put higher taxes income to pay for such programs which result to less motivation for people to obtain higher paying jobs.
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