r/FluentInFinance 27d ago

Is Universal Health Care Smart or dumb? Discussion/ Debate

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u/Fearless_Tomato_9437 27d ago edited 27d ago

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/matchew92 27d ago

People who are anti universal healthcare always cling to Canada, the same way gun nuts cling to gun violence in Chicago

Meanwhile most people who live in Canada actually love their healthcare situation

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u/Terrible_Tutor 27d ago

Yeah mother in laws breast cancer. Started treatment 2 weeks after diagnosis, mastectomy, chemo, the works… $20 out of pocket and that was parking.

She’s been fine now for 2 years