And yet, insurance companies are still making healthy profits [1].
In any case the problem with the US healthcare system is not that now everyone has a sort-of right to insurance, the problem is on the spending side. Y'all spend many thousands of dollars more per capita than the Swiss [2] but have worse metrics across the board.
There are a confluence of reasons behind this state of affairs.
- A few fundamental flaws of Obamacare that broke the incentive structure of the healthcare and some regulatory capture. (Granted, the incentive structure has always been a little broken even before Obamacare)
- A broken, overly politicized healthcare system in general (something, everyone can agree with)
However, people always seem to gloss over this fact: The United States is responsible for vast majority of R&D and revenue in the healthcare sector. Frankly, the US taxpayer and consumer are subsidizing the rest of the world including the Swiss.
As a US person, I would love to stop this dynamic and stop hearing this tired, patronizing argument.
In any case the problem with the US healthcare system is not that now everyone has a sort-of right to insurance, the problem is on the spending side. Y'all spend many thousands of dollars more per capita than the Swiss [2] but have worse metrics across the board.
[1] https://www.beckerspayer.com/payer/the-house-always-wins-hea...
[2] https://en.wikipedia.org/wiki/List_of_countries_by_total_hea...