-- Shane
From: Michael Pollak fwd'd:
> [Isn't the New England Journal of Medicine pretty
> much the official house organ of American Medicine?]
>
> Aug 21, 2003
> Financial Times
> FRONT PAGE - FIRST SECTION: Tax-funded healthcare
> 'could save US $200bn'
>
> By Christopher Bowe in New York
>
> Switching to a government-funded health system
> like Canada's would save the US $200bn a year by
> cutting administrative costs, enough to pay for all
> 41m uninsured American, according to two new
> studies.
>
> The reports claim that the complex paperwork
> involved in the US system costs three times as
> much per head as in Canada, and that nearly
> one-third of the more than $1,000bn of US
> healthcare spending goes on bureaucracy.
>
> A study published today in The New England Journal
> of Medicine found that the US would have saved
> $209bn in 1999 if administrative costs had been
> at the Canadian level.
>
> A separate report by Harvard University and Public
> Citizen, the consumer watchdog, estimates that in
> the current year a US national health system would
> save $286bn.
>
> That sum would be enough to insure the 41m
> Americans without healthcare coverage and to
> give all seniors a prescription drug benefit.
>
> "Americans spend almost twice as much per
> capita on healthcare as Canadians who have
> universal coverage and live two years longer," said
> Dr. Steffie Woolhandler, author of the NEJM study.
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