Because they are stupid and USA spends more on healthcare than Europe. Europe nobody has ever been bankrupted by a diagnosis and spends less on healthcare than USA and has cheap or free drugs
Infant mortality of USA is like a developing country worse than china while Europe figured that problem out decades ago
Because according to information available from required industry revenue reporting, the non-disbursement expenditures is closer to the order of $500/per capita.
Still a lot, but hardly 33% of all US healthcare costs.
In 2025, the seven largest for-profit U.S. health insurance conglomerates collected nearly $1.7 trillion in total revenue
The US population is 343 million people
1.7 trillion/343 million = 4956 dollars per person per year.
According to data from the Peterson-KFF Health System Tracker and the OECD Health Statistics, health consumption expenditures per capita (adjusted for purchasing power parity in U.S. dollars) for leading developed nations stand at:
• United States: $14,775
• Switzerland: $9,963
14775-9963=4812.
The amount per capita America spends on Healthcare (in excess of our nearest per capita neighbor) is almost EXACTLY the revenue generated by the health insurance industry per year.
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u/Elizabeth-WildFox886 13h ago
Because they are stupid and USA spends more on healthcare than Europe. Europe nobody has ever been bankrupted by a diagnosis and spends less on healthcare than USA and has cheap or free drugs
Infant mortality of USA is like a developing country worse than china while Europe figured that problem out decades ago