Single Payer System
Canada has no alternative insurance program such as private insurance for basic healthcare; Canada has a single payer system. The costs are publicly funded and control, and hospitals and doctors are private. This means that Canadians can go to any doctor or hospital in the country for medical assistances and don’t have to worry about if their covered or not. Whereas; the United States has a multi payer system. Health care plan has assigned restriction on which hospital and doctors individuals in the United States can visit for medical assistance. At least 40 million people are not insured; many Americans are living in fear of losing whatever care they have, cost-savings are driving patients out of bed early, administration costs are approaching
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This has a huge impact on Canada’s economy. As for healthcare expenditures in 2001 Canada topped $100 billion (Canadian Health Care, 2007). At a provincial level, funds are between one-third and one-half of what provincials spend on social programs. Public sources and private sources make up the funds. Approximately 9.5% of Canada's gross domestic product is spent on health care. In comparison, the United States spends close to 14% of its GDP on health care (Canadian Health Care, 2007). Concerns have been raised due to the high increase of healthcare spending and the share of GDP devoted to healthcare, which caused a negative impact of health care cost inflation on the United States economy. If the annual growth of heath care cost slows down by 1.5 percent, this will increase real gross domestic product (GDP), to the no-reform baseline, by two percent in 2020 and almost eight percent in 2030. The government thinks that slowing the growth rate of health cost will stop the disastrous increase in the Federal budget deficit.
Mortality Rate/ Cause of …show more content…
For the past ten years technological innovation continued to grow, today there is some impressive technology that made many individual lives easier. Electronic health record is being used by many U.S. hospitals; this has help with organizing and making it more efficient to provide better care for patients. Another impressive technology is the portal technology, which allows physicians and patients to check health records online and intermingle online. Remote monitoring tools are very convenient tools; patients do not have to pay unnecessary costs for doctor
This has a huge impact on Canada’s economy. As for healthcare expenditures in 2001 Canada topped $100 billion (Canadian Health Care, 2007). At a provincial level, funds are between one-third and one-half of what provincials spend on social programs. Public sources and private sources make up the funds. Approximately 9.5% of Canada's gross domestic product is spent on health care. In comparison, the United States spends close to 14% of its GDP on health care (Canadian Health Care, 2007). Concerns have been raised due to the high increase of healthcare spending and the share of GDP devoted to healthcare, which caused a negative impact of health care cost inflation on the United States economy. If the annual growth of heath care cost slows down by 1.5 percent, this will increase real gross domestic product (GDP), to the no-reform baseline, by two percent in 2020 and almost eight percent in 2030. The government thinks that slowing the growth rate of health cost will stop the disastrous increase in the Federal budget deficit.
Mortality Rate/ Cause of …show more content…
For the past ten years technological innovation continued to grow, today there is some impressive technology that made many individual lives easier. Electronic health record is being used by many U.S. hospitals; this has help with organizing and making it more efficient to provide better care for patients. Another impressive technology is the portal technology, which allows physicians and patients to check health records online and intermingle online. Remote monitoring tools are very convenient tools; patients do not have to pay unnecessary costs for doctor