- cheaper drugs;
- no bills;
- quality medical care;
- quality infrastructure;
- federal regulators who'd challenge the nation's medical-drug complex; and,
- bending the cost curve...down.
The folks over at the Frasier Institute--a non-partisan Canadian public policy think tank--have run the numbers to calculate the actual cost of "free" healthcare for Canadians. The study, titled "The Price of Public Health Care Insurance," seeks to educate Canadian families about the cost of Canada's "free" healthcare.
To wit, between 2005 and 2015:
- the cost for providing healthcare to a Canadian family, regardless of size, increased 48.5%, and
- increases in healthcare costs eclipsed the rate of increase for income (30.8%), housing (35.9%) and food (18.2%).
- the average Canadian family with two parents and two children earning $119k+ will pay ~$11.8k for public healthcare insurance (~10% of gross income);
- the average Canadian single individual earning $42.2k+ will pay $4.22k+ (that is, 10% of gross income); and,
- that cost excludes dental and prescription drug coverage.
The Frasier Institute study notes a sad irony: Most Canadians don't know the actual costs associated with their "free" healthcare system. Why? Their politicians were very clever: Canadians don't receive bills for medical services provided and only a few pay "premiums" that have been imposed by certain provincial ("state") governments. Moreover, the Canadian healthcare system is funded not by a line item in the nation's budget--identifying the actual cost--but from the government's general revenues, burying the actual cost of "free" in a catch all, garbage can type of line item.
Yesiree...it wasn't the cost curve that was bent down in Canada. Nope. It was the Canadian taxpayer who had to bend over. It won't be long before U.S. taxpayers find themselves in the same position.
Thank you, Mr. President, Vice President, and former Speaker of the House! Seeing what's in it in the clear light of day, Obamacare resembles a house of horrors that was obscured by the fog of your propaganda.
Let the discussion begin....
To read the Frasier Institute study's author's summary, click on the following link:
"Free' Canadian Healthcare at $12,000 per Family."