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

Our healthcare is a commodity…. Bought and sold to the highest bidder.

It’s also almost 20% of the flippin GDP…. So it’s too big to fail.