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Why is health insurance so expensive?

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Why is health insurance so expensive?

Postby columbanus » Fri Jan 13, 2012 2:36 am

Health insurance in the United States is quite expensive, when there isn't even universal coverage and insurers are even allowed to quote terminally ill patients higher, unaffordable premiums.

Yet health insurance costs soar, when compared to other countries. For instance in the Netherlands, where the government regulates that universal coverage is mandatory and no one can be quoted a higher premium because of cancer for instance, prices are significantly lower.

And even in the Netherlands, the system is (besides these regulations that should - if anything - raise premiums) free market and competition based. There many (30-40) health insurance companies in a relatively small country of 16 million people that are able to compete and make profits. And premiums still stay in the 70-150 euro range (about $90-195). In the U.S. you can't even get the cheapest health insurance for $200. And the Netherlands is not a cheaper country than the U.S. in other areas, so it's not even explained by that.
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Why is health insurance so expensive?

Postby miron77 » Fri Jan 13, 2012 2:38 am

Health insurance is expensive because HEALTH CARE is expensive. When you calculate the cost, be sure to include the 30-40% income tax (like our FICA) or up to 20% sales tax that is paid by many of the countries with different plans. It's not cheaper. It's just paid for differently. Generally it's more expensive and not as good. Also, keep in mind that if our entire country sat on the size of just one state, then it'd work a little different delivering health care.
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Why is health insurance so expensive?

Postby beldene » Fri Jan 13, 2012 2:39 am

Health insurance is so expensive, because there are TONS of claims. Bottom line. Lots of claims paid out, means high costs for insurance.

Our health INSURANCE costs are rising drastically, because our health CARE costs are rising drastically, and our utilization is ALSO rising drastically.

I had a high school roommate from the Netherlands. She explained, several decades ago quite clearly, that only the poor people have the government based socialized medicine. Anyone who CAN afford a private doctor, or private medical care, buys that - because it's a better doctor, and faster care.

The Netherlands has 16,000,000 people. We have more than that, here ILLEGALLY in this country, STILL getting medical care for free off the paying taxpayers.

Finally, a grabbed an old chart showing that on average, the per capita spending of health care in the Netherlands is $2211, where the per capital spending of health care in the USA is $4631. Factoring in the above, where you compare the actual cost for health insurance between the two countries and think there's basically no difference, yet the per capital spending rate in the USA is more than TWICE that of the Netherlands, the only conclusion you can reach, is that the adjusted cost of Medical Care under the system in the Netherlands, is TWICE AS MUCH as that in the USA.
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Why is health insurance so expensive?

Postby otho » Fri Jan 13, 2012 2:48 am

Health insurance is so expensive, because there are TONS of claims. Bottom line. Lots of claims paid out, means high costs for insurance.

Our health INSURANCE costs are rising drastically, because our health CARE costs are rising drastically, and our utilization is ALSO rising drastically.

I had a high school roommate from the Netherlands. She explained, several decades ago quite clearly, that only the poor people have the government based socialized medicine. Anyone who CAN afford a private doctor, or private medical care, buys that - because it's a better doctor, and faster care.

The Netherlands has 16,000,000 people. We have more than that, here ILLEGALLY in this country, STILL getting medical care for free off the paying taxpayers.

Finally, a grabbed an old chart showing that on average, the per capita spending of health care in the Netherlands is $2211, where the per capital spending of health care in the USA is $4631. Factoring in the above, where you compare the actual cost for health insurance between the two countries and think there's basically no difference, yet the per capital spending rate in the USA is more than TWICE that of the Netherlands, the only conclusion you can reach, is that the adjusted cost of Medical Care under the system in the Netherlands, is TWICE AS MUCH as that in the USA.
The presidents plan is just making it worse. This is a very long subject you have started.
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