Getting treated for coronavirus could cost more than $3,000 ,might make everyday Americans broke

[beijingwalker]

OK. so China is getting to the point soon when a comprehensive free-for-all medical system will be introduced across the country.

China has uiversal healthcare, it covers 95% of the 1.4 billion population, somehow 5% slipped through the system due to various reasons, China plans to have 100% coverage in 2020, this year.

 

[UKBengali]

China has uiversal healthcare, it covers 95% of the 1.4 billion population, somehow 5% slipped through the system due to various reasons, China plans to have 100% coverage in 2020, this year.

Why not just make it free for everyone that needs it?

Makes the admin easier that way.

 

[beijingwalker]

Why not just make it free for everyone that needs it?

Makes the admin easier that way.

To give one fifth of the humanity total free healthcare is not easy, the government pays for the most part, your employers have to pay for the rest, that's the law, if you don't have a job and you income is below the povertyline, you are basically on welfare, the government basically pays for everything, healthcare, monthly allowance and some other benefit money you can receive every month. we call that 低保

 

[Crusher]

Why US doesn't do it? it's the richest country in the world.


When you have only millions of people, it's easier to do that, when you have 1.4 billion, it becomes a daunting task.

US government as well as the American public don't have any concept of "social solidarity" unless they can benefit out of it with money, fame or publicity.

 

[FedererExpress]

US need a public healthcare system. The rest of the world has a public healthcare system.

 

[Menthol]

The world economy is going to bad this year.

It's better to save money.

 

[FairAndUnbiased]

Capitalism, invested groups ( hospital chains, ) pharmaceutical companies. While a certain tablet / pill may cost less then 10 cents in most of the world, the US citizens pickup the tab for the remainder, plus research and development of most of the drugs. Making $ gives incentives for research by the pharmaceutical companies and their shareholders to do better.

President Obama tried his Obama-Care, health insurance for all, in turn it destroyed health insurgence for most Americans. I use to consider my Insurance as A+, now after Obama care its B- at best.

I have tasted Public Health System ( Pakistan, Kuwait, England ) and Private health System of US, I prefer the Private just as most Americans do.

US citizens actually double pay for pharmaceuticals: once through publically funded NIH research that gets licensed for pennies on the dollar to big pharma, and then again when big pharma sells it for 1000%+ markups.

US need a public healthcare system. The rest of the world has a public healthcare system.

but you said the US was perfect. there's nothing that need to be changed.

 

[beijingwalker]

54% of Americans worry about expenses tied to coronavirus—here’s how to cut medical costs if you get sick
Published Fri, Mar 13 202010:48 AM EDT

Megan Leonhardt@MEGAN_LEONHARDT

Over half, 54%, of Americans say they’re not financially prepared to handle a contagious disease like coronavirus that may limit their ability to work for a few weeks, according to a recent survey conducted on behalf of Prudential of just over 2,000 U.S. adults.

There are now over 137,000 confirmed cases of coronavirus COVID-19 worldwide and at least 1,700 people who have been confirmed to have the virus in the U.S., according to data compiled by Johns Hopkins University.


For Americans, there are two major types of financial shocks to worry about if you fall ill with coronavirus: income loss and medical costs, Rob Levy, vice president of the Financial Health Network, tells CNBC Make It.

About 45% of those surveyed by Prudential are worried about how quarantines will affect their ability to work for several weeks. People who have a stable job with a good employer that includes high-quality health insurance coverage and ample paid sick leave policies are “better positioned” to deal with unexpected expenses, such as being out of work from coronavirus, Levy says.

But most Americans don’t have the ability to work from home or take two weeks of paid sick days. Only about 29% of all workers can work from home, according to the Bureau of Labor Statistics. And while 73% of workers nationwide have access to paid sick days, most do not have enough time banked to be able to take off work for a 14-day quarantine, according to the Economic Policy Institute. Meanwhile, only about one in three minimum wage employees have the ability to earn paid time off.

“Income loss can be a severe financial strain for those people who don’t have paid sick leave from their employer or who work for themselves and simply don’t get paid if they don’t work due to illness,” Levy says.

https://www.cnbc.com/2020/03/13/americans-worry-about-expenses-tied-to-coronavirus.html

 

[Ali_Baba]

And, for the same problem, China provided FREE medical care to all of its citizens. EU, and the UK will do the same.. tells you much about the "superiority" of the American health system doesn't it ..