One of the great myths about American society is that our lack of a “universal” health plan harms our competitiveness. Even Lee Scott, former CEO of Wal-Mart, a company that has introduced some headline-making innovations in health benefits for its workforce and customers, bemoans the cost of U.S. health care as a burden on the economy.
On the other hand, we don’t hear Mark Zuckerberg complaining that Facebook’s health care costs are preventing him from competing against foreign social-media businesses.
That's because the allegation is utterly unfounded. After spending more on health care, the United States has still more dollars per person to spend on all other goods and services than our neighbors do: about $4,500 more than Canada, $5,000 more than Great Britain, $6,000 more than Germany, and $8,000 more than France.
Read this month's entire Health Policy Prescription here.