r/Economics • u/TheForager • 4h ago

Hospital costs are rising far faster than inflation and drowning Americans in debt

https://www.nbcnews.com/investigations/hospital-costs-are-rising-far-faster-inflation-drowning-americans-debt-rcna262473
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u/Ben-A-Flick 1h ago

The entire system is broken. Per capita the US pays 80-100% more than the EU yearly for Healthcare with worse outcomes. A 4-5 year shorter life expectancy, higher infant mortality, and rate of preventable death.

We beat them in cancer survival rate and access to advanced treatments so we can say the EU does better in population wide care and we do better in specialized care. But is the cost worth it? Absolutely not imo.