- Jackson man to cast electoral vote for Trump; others trying to dissuade him (11/29/16)51
- Man killed by vehicle had been charged with domestic assault (11/30/16)
- Hotel chain president: City should regulate short-term lodging (11/27/16)16
- Former Cape council member dies, remembered as 'wonderful public servant' (11/29/16)1
- Woman accused in three robberies disguised herself as man (11/29/16)5
- Post-election taunts reported at Jackson schools (12/2/16)24
- Officers: Delta man dies during domestic dispute (11/28/16)1
- Business notebook: New store shows faith in Scott City district (11/28/16)
- Missouri chamber to honor Cape's John Mehner (11/30/16)6
- Men who pulled father, son from burning car near Naylor honored by highway patrol (12/1/16)
Health costs are excessive
The real health care issue is the excessive cost of the current system in the U.S. Not only do we spend more than 16 percent of GDP on health care, compared with Canada's 9.7 percent, we also have shorter life spans. Where does the extra money go?
The Dartmouth Atlas, published jointly by the medical school and the economics department of Dartmouth University, has estimated 30 percent of health care spending in the U.S. is wasted. It buys us nothing beneficial.
It is easy to believe the more health care we receive, the better it is. In 2006 at least 60 million surgical procedures were performed in the U.S. More than 100,000 people died that year from complications of surgery and medical errors. This is many times the number killed in automobile accidents (source: New Yorker article by Dr. A. Gawande, June 1).
Many are upset by the possibility of tax increases to pay for vague reform proposals. I am also. But excessive spending on health care hurts all of us. The net result means substantial funds are not available for other personal or governmental spending or savings. This excessive burden is an ever-increasing handicap for the U.S. in competing economically with the rest of the world.
If we could lower spending to Canada's level, the savings would be $736 billion.
All bubbles burst. Health care spending in the U.S. is the latest bubble. Economist Herbert Stein once stated: "What can't continue won't"
STEVE RICKARD, Cape Girardeau