American Health Insurance

Paper Summary:

The paper describes how globalization has produced a combination of benefits and formidable challenges. The writer believes that the benefits of the American hospital insurance system have come at a high cost. The writer proposes that the new payment systems introduced by the BBA are producing new burdens on the health care industry, with the expectation that health care providers will provide cost-efficient care whereas previously it had been a cost-based reimbursement system. The paper concludes that the most serious challenge for the American health care system are the projected short and long-term deficits.

From the Paper:

"Canada spends 1/5 of U.S. health insurance cost; Canada has an efficient health structure to control administrative costs. In U.S. many health costs are covered by supplementary insurance. Care is fast and efficient in Canada with no long waits. Children are healthier in Canada than in the U.S."

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