On: Why the U.S. Spends So Much More Than Other Nation...

[tomjakubowski]

There's no competition at all on the supply side in Canada or Taiwan. Why are their health care costs microscopic compared to the US?

[pishpash → tomjakubowski]

Because a large single payer fixes prices for most people.

[tobylane → pishpash]

Most? Could you specify how someone loses out?

[nybble41 → tobylane]

Shortages, as with any price ceiling—when someone is willing and able to pay more but there is none available at the fixed price.

[jernfrost → tomjakubowski]

They are more regulated. More use of max prices, more standarization. US hospitals can charge whatever they want and hide it.