We’re moving closer to a single payer system

KEY TAKEAWAY: In 2016 America spent $10,348 per person on health care, roughly twice as much as the average for comparable rich countries , according to the Kaiser Foundation. That is 17.9% of GDP, compared with 10.7% elsewhere.   The average health-insurance deductible for individuals with employer-provided coverage reached $1,505 last year, compared with just $303 in 2006.  Meanwhile the 25 largest drug companies enjoyed annual average profit margins of 15% to 20%, compared with average profit margins of 4% to 9% for the largest non-drug companies Continue reading