i assume drug prices are much higher in the US than the UK - is this correct? if the US healthcare system was nationalised presumably this would result in lower drug prices (and therefore lower the overall cost of healthcare) as the government would be able to exert much more power in negotiating prices as the main buyer. I don't see anyone in the US arguing this point, maybe I am wrong.
Another point which we don't really have to deal with in the UK is the culture of litigation and the level of payouts which people can be awarded. I wonder if the US courts would still award multi million dollar awards for people suing doctors when the government would ultimately have to foot the bill.
I think a big proportion of the litigious nature of the US is due to the fact that people don't have health insurance and have to sue as a means of covering gigantic medical bills. So, if people didn't have to worry about health care costs when something happens to them, people wouldn't have to resort to suing as a means of paying for medical bills.
There are of course tons of people taking advantage of the system and suing companies purely for the financial rewards. This in turn also raises the cost of insurance for the average person.
I think a big proportion of the litigious nature of the US is due to the fact that people don't have health insurance and have to sue as a means of covering gigantic medical bills. So, if people didn't have to worry about health care costs when something happens to them, people wouldn't have to resort to suing as a means of paying for medical bills.
There are of course tons of people taking advantage of the system and suing companies purely for the financial rewards. This in turn also raises the cost of insurance for the average person.