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Lancet Study Finds US Has, by Far, the World’s Most Over-Priced Medical Care

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At an average of around $9,000 per person per year, the U.S. has the most over-priced medical care in the world, according to a study published in the medical journal, The Lancet. The study looked at 204 countries over a 29-year period, from 1990 to 2019.

Researchers used a matrix of various health services that included promotion, prevention and treatment of five different age groups. The study, which was funded by the Bill & Melinda Gates Foundation, came under scrutiny by the Strategic Culture Foundation, which broke down the numbers even further, blaming billionaires for perpetuating the problem in America.

“America’s billionaires derive the vast majority of their net worth from stocks (capital gains and dividends), and from interest that’s paid to them; and, since nothing does this for them better than healthcare investments, the current for-profit system in health care is terrific for them; and these few hundred people, billionaires, extract this wealth from the hundreds of millions of Americans, the general public, and want to continue doing so,” Eric Zeusse, American writer and investigative historian, wrote in an article for Strategic Culture Foundation.

SOURCES:

Strategic Culture Foundation September 1, 2020

The Lancet August 27, 2020