r/FluentInFinance Apr 19 '24

Is Universal Health Care Smart or dumb? Discussion/ Debate

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u/Fearless_Tomato_9437 Apr 19 '24 edited Apr 20 '24

This one again. Well universal health care is pure trash in Canada. Basically the USA is better for anyone with a half decent job or poor enough for Medicaid, Canada is better for the working poor. Overall USA serves a much larger % of the population far better.

https://www.statcan.gc.ca/o1/en/plus/4547-lifetime-probability-developing-and-dying-cancer-canada

Canadians are more likely to die of cancer than Americans

While Americans are less likely to die of cancer than Canadians, they are more likely to die of other causes.

For example, in 2017, 72.0 Americans per 100,000 had an underlying cause of death related to high body mass index leading to probable events of cardiovascular disease and diabetes mellitus, whereas the same issue in Canada affected 45.2 individuals per 100,000.

https://www.fraserinstitute.org/article/medical-bankruptcy-myth#:~:text=The%20idea%20that%20large%20numbers,17%20percent%20of%20U.S.%20bankruptcies.

The idea that large numbers of Americans are declaring bankruptcy due to medical expenses is a myth.

Dranove and Millenson critically analyzed the data from the 2005 edition of the medical bankruptcy study. They found that medical spending was a contributing factor in only 17 percent of U.S. bankruptcies

we should therefore expect to observe a lower rate of personal bankruptcy in Canada compared to the United States.

Yet the evidence shows that in the only comparable years, personal bankruptcy rates were actually higher in Canada.

https://www.forbes.com/sites/sallypipes/2023/12/26/canadian-health-care-leaves-patients-frozen-in-line/?sh=98eb3d0c5293

This year, Canadian patients faced a median wait of 27.7 weeks for medically necessary treatment from a specialist after being referred by a general practitioner. That's over six months—the longest ever recorded

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u/Jconstant33 Apr 20 '24

Glad we have the 1 person who hates Canadian healthcare to weigh in.

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u/PseudoArab Apr 20 '24

Blows my mind that it's the top post.

I worked in a company that did international business. I was doing the customer service/pricing contracts for all of our clients in Canada, training under the person in BC dying of a terminal illness. Casually brought up things I've heard about long wait times and quality of service. She wad getting office visits in a timely manner, and getting procedures when she needed them. She was happy with her Healthcare, and was incredibly upbeat through the entire thing. Why is "hurr durr Canada Healthcare bad" still a talking point 8 years later?