Shockingly, the US spends more on healthcare because it costs more!

Why an MRI costs $1,080 in America and $280 in France
http://www.washingtonpost.com/blogs/ezra-klein/post/why-an-mri-costs-1080-in-america-and-280-in-france/2011/08/25/gIQAVHztoR_blog.html

I was surprised to see that health insurance companies made so little profit, but I am a bit suspect on how the numbers were calculated because the author also reported that the pharmaceuticals and medical device industry had 20% profits which doesn’t jive with my analysis (which puts the margins well over 50%). The overall conclusion, though, is that the US pays the most for medicine and has the least to show for it, which is pretty much what all analysis I have seen in the last decade or so have shown.

Author: Tfoui

He who spews forth data that could be construed as information...