The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retire Early Liberal Edition

URL:  http://boards.fool.com/quotwhy-is-that-so-hard-to-understand-how-much-27731541.aspx

Subject:  Re: End of the Health Care debate Date:  6/8/2009  5:54 AM
Author:  telegraph Number:  19269 of 58772

"Why is that so hard to understand?

How much is that Medicare shortfall? "

50 trillion.

It's easy to promise everyone everything. It's hard to deliver.

Obviously, Canadians have rationed health care. What you can get, when you can get it, if you can get it at all. They leech off the US drug development. If they paid their fair share, their costs would be 50% higher or more for drugs.

everyone points to EU, but they don't realize that the French system pays 70%, repeat 70% of your bills. Then you need to buy more insurance (after paying 7.5% of your paycheck for the national plan) to cover the difference...or pay it out of your pocket. And no, they don't pay...you pay, then you get 70% of what you paid back. And if you have private insurance, you might get the rest back - unless you had a private doc or hospital room, where you have to pay even more. Hmmm......Plus they have 19% VAT on everything you buy.

Now, how much again is that Canadian VAT? 15-19% depending upon which provence. Oh, right..that isn't 'medical cost'..... just the cost to educate doctors, etc....

t.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us