Don't forget administrative costs. An interaction with a medical professional in the US can involve multiple billing departments (the clinic, the lab, the actual doctor in some cases), your insurance company, any medical reimbursement schemes you may be involved with (HSA, VEBA etc), and your own time dealing with this mess.
"The gap between U.S. and Canadian spending on health care administration has grown to $752 per capita. A large sum might be saved in the United States if administrative costs could be trimmed by implementing a Canadian-style health care system"
This probably doesn't even include the added cost to businesses of having to employee additional HR staff to coordinate the insurance and reimbursement accounts.
Every politician interested in job creation should be pro universal/single payer/socialised healthcare. The financial burden of administering and paying for private insurance has to be a significant burden for both small and large businesses.
http://www.nejm.org/doi/full/10.1056/NEJMsa022033
"The gap between U.S. and Canadian spending on health care administration has grown to $752 per capita. A large sum might be saved in the United States if administrative costs could be trimmed by implementing a Canadian-style health care system"
This probably doesn't even include the added cost to businesses of having to employee additional HR staff to coordinate the insurance and reimbursement accounts.
Every politician interested in job creation should be pro universal/single payer/socialised healthcare. The financial burden of administering and paying for private insurance has to be a significant burden for both small and large businesses.