France has the best health care so I hear -- much better than the US. We can't emulate them because we are too entrenched in what we have. Taxes are higher in France (esp. for the wealthy), but ultimate costs to the consumer are lower. But of course France is feeling the problem of an aging population too.
The dilemma in health care financing in the US is the government is too stupid, and the insurance companies are too greedy.
-sigh-
For 2008, the health insurance companies in the Fortune 500 had a profit margin of 2.2% — ranking this sector 35th on the Fortune 500 list by industry. This means that for every $1 in revenues, the health insurance companies made only 2.2 cents in profits.
Those obscene profits are elsewhere in the healthcare mix Lag.
Industry RankIndustry2008 Profits
as % of
Revenues
1 Network and Other Communications Equipment 20.4
2 Internet Services and Retailing 19.4
3 Pharmaceuticals 19.3
4 Medical Products and Equipment 16.3
5 Railroads 12.6
6 Financial Data Services 11.7
7 Mining, Crude-Oil production 11.5
8 Securities 10.7
9 Oil and Gas Equipment, Services 10.2
10 Scientific, Photographic, and Control Equipment 9.9
11 Household and Personal Products 8.7
12 Utilities: Gas and Electric 8.7
13 Aerospace and Defense 7.6
14 Food Services 7.1
15 Industrial Machinery 6.9
16 Food Consumer Products 6.7
17 Electronics, Electrical Equipment 6.5
18 Commercial Banks 5.2
19 Telecommunications 5.1
20 Chemicals 5.0
21 Construction and Farm Machinery 5.0
22 Insurance: Life, Health (stock) 4.6
23 Information Technology Services 4.5
24 Computers, Office Equipment 4.3
25 Metals 3.9
26 Wholesalers: Diversified 3.5
27 Insurance: Property and Casualty (stock) 3.3
28 Specialty Retailers 3.2
29 General Merchandisers 3.2
30 Health Care: Pharmacy and Other Services 3.0
31 Packaging, Containers 3.0
32 Beverages 2.9
33 Engineering, Construction 2.7
34 Health Care: Medical Facilities 2.4
35 Health Care: Insurance and Managed Care 2.2