eli5: How come health care cost so much more in America vs. other countries?

Question

I understand that insurances covers part of the cost. However, the total cost (before coverage) is still much higher in America. Why?

Is the supply chain different? Are doctors and staff paid better in America?

In: 188

Answer 1

The USA doesn’t have a Healthcare System. It has a Healthcare market.

Markets rely on supply and demand. The demand for healthcare in the states is massive due to not enacting good policies to protect its citizens, therefore the cost skyrockets. Greed also plays a huge part in it too.