Reference no: EM133029126

Is the U.S. healthcare system working? Does it matter that relative to other developed nations we spend almost twice as much on healthcare as a percentage of GDP, but get mediocre and even declining results, like mortality rates, for example. Be specific about what is wrong, or right, and why isn't the market system fixing itself, if it isn't. Will it ever do so? Is a market system able to achieve the ends we want in healthcare? Will government intervention be needed to make a difference? How? What kind? Other countries like Germany, Britain, Japan, France, Taiwan Switzerland, Australia, and others seem to be quite pleased with their systems, although not perfect. There seems to be a heavy involvement of government in these systems. No one seems to be uninsured, or without care, and no one goes bankrupt due to healthcare costs as 700,000 do yearly in the U.S. Some say we cannot afford that kind of system, but we spend more than others. Are quality measures higher in these other nations? (see World Health Organization)