Australian medical system is great when a person is healthy or during emergency. But if a person suffers chronic health issues, there is a lot of expenditure or wait times. e.g a Gastro doctor will charge $250-300 and Medicare gives back $80. Colonoscopy wait time can be up to 1 year. Also, all of us are forced to buy private health insurance to avoid Medicare surcharge. Most surgeries are out of pocked by atleast $500-$2000 when going private.
India is worse. In each hospital they have quotas to fulfil and surgery, medicine etc. are done even of not required. Also, converting dollars to rupees is not correct to compare.
Converting dollars to rupees is relevant in this case since, unlike products, healthcare is a service. In India, private hospitals are profit-minded, as mentioned in the video, but transparency is still lacking in the US. Even for medicines (products), they are far cheaper in European countries (often free) than even in India. Diabetics in the US pay, on average, over $210 each month for insulin, according to a T1 International 2016 survey, compared to less than $50 in India or nothing at all in some European countries. Even NRIs return to India for many medical procedures because the entire trip costs less than the same procedure in the US. Is there corruption in India, yes. But even with that Indian healthcare system is better than in US.
It is not that easy to compare as there are too many types of insurance etc. Insulin can cost zero dollar based on type of insurance. Conversion is not relevant as income earned is much higher. it may be more relevant to use percentage of income spent to health. I am a diabetic and spend 1% of my income on medicine including insurance premium, doctor visits, drugs etc. In Europe a significant portion of your income tax goes towards national health care system making it harder to compare with US health system. I am not telling US healthcare system is the best and definitely has many issues, but comparison with other countries is not straight forward.
Good points. But also using percentage of income would skew towards cheap for rich, expensive for poor. But I get ur point it may not be comparing apples to apples, but does give a perspective.
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excellent video and very informative❤
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Excellent sir
Thank you very much
Australian medical system is great when a person is healthy or during emergency. But if a person suffers chronic health issues, there is a lot of expenditure or wait times. e.g a Gastro doctor will charge $250-300 and Medicare gives back $80. Colonoscopy wait time can be up to 1 year.
Also, all of us are forced to buy private health insurance to avoid Medicare surcharge. Most surgeries are out of pocked by atleast $500-$2000 when going private.
Fair analysis. But what is the worst-case scenario in Australia is the best-case scenario in the US. That's the difference.
Also, the hospitals treat us like crap.
So, thats another reason we don't go
Plus, dental and eyeglasses
I have had a friend wait 15 hours in the emergency while having a kidney stone, in excruciating pain with no one attending to him. A sad situation.
In the United States everything is money. Rent , mortgage , human services is costly
True, the capitalistic nature of the way the country works has skewed the availability of even basic services toward the rich.
India is worse. In each hospital they have quotas to fulfil and surgery, medicine etc. are done even of not required. Also, converting dollars to rupees is not correct to compare.
Converting dollars to rupees is relevant in this case since, unlike products, healthcare is a service. In India, private hospitals are profit-minded, as mentioned in the video, but transparency is still lacking in the US.
Even for medicines (products), they are far cheaper in European countries (often free) than even in India. Diabetics in the US pay, on average, over $210 each month for insulin, according to a T1 International 2016 survey, compared to less than $50 in India or nothing at all in some European countries.
Even NRIs return to India for many medical procedures because the entire trip costs less than the same procedure in the US.
Is there corruption in India, yes. But even with that Indian healthcare system is better than in US.
It is not that easy to compare as there are too many types of insurance etc. Insulin can cost zero dollar based on type of insurance. Conversion is not relevant as income earned is much higher. it may be more relevant to use percentage of income spent to health. I am a diabetic and spend 1% of my income on medicine including insurance premium, doctor visits, drugs etc. In Europe a significant portion of your income tax goes towards national health care system making it harder to compare with US health system. I am not telling US healthcare system is the best and definitely has many issues, but comparison with other countries is not straight forward.
Good points. But also using percentage of income would skew towards cheap for rich, expensive for poor. But I get ur point it may not be comparing apples to apples, but does give a perspective.