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Us Vs Us Healthcare System

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The United States and the United Kingdom are very different countries. They have fish n’ chips, we have a burger and fries. They drink tea and we drink coffee. They follow football and we follow (American) football. In terms of healthcare, we are still just as different. The United States healthcare is run by private sectors and the United Kingdom healthcare system is run by the government. People are able to make money off of insurance companies in the U.S. and you can’t make money off the healthcare system of the U.K.. This is why, economically speaking, the United States healthcare system is better. In terms of economics, the United States is a better healthcare system because how it is run.

First of all, the United States, people have …show more content…

These benefits are great in terms of economy.but they also have drawback like coverage plans don’t always work in every hospital and insurance can be expensive and it is getting worse. In some states insurance rates are going up by 50% and even higher. In the UK there are also benefits that are good economically speaking. For example, it is mostly convenient when you get there with minimal paperwork and you get preventative care which stops things before they could get worse and could save everybody money and everybody has insurance. But the drawbacks are not very good in terms of economics because it is a command based system, 9% of your taxes is for healthcare so that is a big chunk of change, the wait times tends to be longer, and there isn’t a lot of advanced medical equipment. For producers in the United States the benefits would be the ability to market their service but a drawback would be the competition of other insurance companies. In the UK the producer has a benefit of no competition but funding for a whole country can be very difficult to accomplish. The benefits and drawbacks that encourage economic growth would be the United States because the competition is appealing to consumers and people like to choose what they want but the prices are getting high and these prices are determined by age, location, family vs. individual enrollment, and plan category. In

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