So, when The Motley Monk needs to schedule an appointment with his physician, he tries to get the first appointment of the day. Why? The wait is shorter than if he schedules an appointment for later in the day.
With comedians now likening Obamacare to the DMV, imagine the total annual cost of all that time of all those people who will forced to waste time sitting in a physician's office waiting to see the doctor!
Well, there's really no need to imagine the total annual cost because Director of Health Policy Studies at the Fraser Institute, Nadeem Esmail, has already calculated how much it costs in Canada for people to wait for medical care.
In 2013, the total cost was $1.1B (or $1,202 for each of the 928,120 Canadians who must wait in line for treatment). The average wait time/patient was 9.6 weeks/year because medical care in Canada is rationed...as it soon will be in the United States under Obamacare.
While that $1.1B may sound like a lot of money, it's a "low ball" estimate because only hours during the average work week were counted. If evening and weekends (not including 8 hours of sleep/night) were included, the annual cost of waiting to see the doctor in Canada would be $3.4B! This estimate doesn't include associated family members' costs (e.g., time spent caring for the sick individual, lost productivity) or non-monetary costs (e.g., mortality risks).
With Canada's population roughly 10% that of the United States, what's another $11B wasted (or $34B, depending upon what time is being counted) waiting in the queue to see the doctor?
Let the discussion begin...
To read Nadeem Esmail's study, click on the following link:
"The Private Cost of Public Queues for Medically Necessary Care: 2014 Edition."