Health Scare No. When proper corrections are made, the U.S. spends less than Canada on a per capita basis. By most measures the U.S. has the highest per capita income in the world.
Wealthier people buy more health care.
Even if all health care systems were the same, the U.S. would still spend more on health care. People are fond of claiming that this will bankrupt the republic. The private U.S. health care system is administratively efficient when compared with Canada and other national insurance schemes. Many who have studied the issue have ignored important costs. The methodology is equivalent to estimating the cost of owning a car by adding up the expenses for gasoline and oil while ignoring maintenance, insurance, and depreciation.