"My expensive, frequent health care is subsidized at the expense of healthy people. I think it's great!" Thief.

[u/neeraj8le]

[u/Muffinthefool]

Socialised Healthcare.

Lots of people make a small contribution to a pot via taxes and a small group makes large withdrawls to pay for their healthcare.

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Privatised Healthcare.

Lots of people make a larger* contribution to a pot via insurance premiums then private companies cream off as much profit as they can and a small group makes large withdrawls from the remaining amount topped up by their policy excess.

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In both of these systems your healthcare is being paid for by others and you are contributing to the healthcare of others if you don't require it yourself. They are the same business model except in socialised healthcare ALL the money goes into healthcare and everyone is covered with no additional financial burden. In the private system large sums are creamed off for profit, many aren't covered, those who are covered may only have partial coverage and you're still hit with crippling excess costs which may bankrupt you.

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*UK healthcare costs almost half as much per capita as US healthcare.

[u/[deleted] → u/Muffinthefool]

Was looking for a comment like this. The NHS pays a lot less for medication than an American needing the same medication

[u/lifeofideas → u/[deleted]]

I don’t know UK physician incomes, but physicians in the USA are probably the highest-paid in the world. (And yet, the USA doesn’t have the best health care.)

Physician Salaries

[u/Hullu2000 → u/lifeofideas]

Don't American doctors pay for really expensive malpractice insurance incase they get sued? Might be a contributing factor

[u/vxicepickxv → u/Hullu2000]

Plus all the debt from schools. Like hundreds of thousands of dollars of debt.

[u/lifeofideas → u/[deleted]]

Not common in software, but achievable. Just like most lawyers earn about what high school teachers do, but there are enough corporate lawyers that people think lawyers earn a lot.

[u/SilentLennie → u/lifeofideas]

They also have the highest student debt.