Problems with profit-driven healthcare

It’s not news that a for-profit healthcare system leaves millions without care, or with inadequate care. And it’s worth pointing out that a market-based model fails even on its own terms: for-profit healthcare is more expensive and less efficient than a public system.

“If [Americans] were to consider the additional private spending on health care as a form of tax — an indispensable cost to live a healthy life — the nation’s tax bill would rise to about 31 percent from 25 percent of the nation’s G.D.P. — much closer to the 34 percent average across the O.E.C.D.”

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