At the San Diego economic conference, the Washington Post reported that most American families were left behind as the population richer grew, economists of Princeton University Anne Case and Angus Deaton stated.
America’s healthcare is the most expensive in the world and far exceeds other developed countries ‘ costs. In the US, the second-largest program expends 1 trillion dollars more than Switzerland. This is comparable to Swiss households for an extra $8,000 a year.
Case and Deaton called an additional $8,000 for family tax, meaning that, regardless of how they were able to do so, Americans are obliged to pay the amount. In 2017, the US spent $10,209 per capita or person, according to the Organization of Economic Cooperation and Development statistics. And they compared the nation’s healthcare system to “a gift to a foreign power, but we are doing it to ourselves.” Nonetheless, in the US, life expectancy is falling.
For their study of “dying of desperation” in the US Case and Deaton are known. They found that since 2000, Americans aged 25 to 64 have either committed suicides, suffered from alcohol-related illnesses or overdosed opioids.
The trend among white Americans without a college education is particularly pronounced as they confront worse job prospects.
The reparation of the American healthcare system was essential to the presidential primary of the democratic government. “Medicare for All” is advocated by progressive people like Sens. Bernie Sanders and Elizabeth Warren, a program that provides comprehensive health insurance for each American citizen.
Instead, Moderate people like the former Vice President, Joe Biden, seek to provide additional federal aid in exchanges established under the Affordable Care Act to improve affordability and create an optional government insurance plan.
However, every reform effort is likely to face challenges arising from the deep lobbying of the formidable healthcare industry, such as insurers and physician groups. A conference attempt to stop so-called “surprise billing” was struck down by external pressure at the end of last year when patients are being treated by medical workers who may be outside their network and are going to an “in-network” hospital to provide them with an extensive medical bill. Between American laws, polls showed overwhelming support.