Methinks that someone is dishing out phony numbers.
How is Canada able to provide pretty good universal coverage for so much less than those projections?
Our family has always had competent care when we needed it. Our needs over the years have ranged from travel vaccinations to, among other things, childbirths, kidney stones, fractures and miscellaneous infections to a grandchild nearly having part of her finger amputated in an accident. She got expert care, the finger was saved and now she sometimes wins piano classes in the local music festival. I had to pay for my own travel vaccinations but the other care mentioned did not result in bills for our family.
Our system isn't perfect, but we're clearly doing something right compared to the US. Tthe average life expectancy of Canadians is three years longer than their American counterparts. Specifically, women in Canada live an average of 83 years, compared to 80 in the US; men live more than 78 years on average compared to 75 in the US. Source:
https://www.theglobeandmail.com/opinion/why-canadians-outlive-americans-and-why-we-shouldnt-be-so-satisfied/article16147153/This is so even though our medical costs constitute roughly a one-third smaller percentage of our GDP. Source:
http://data.worldbank.org/indicator/SH.XPD.TOTL.ZS As mentioned earlier, one reason for the difference is that a better percentage of what we pay goes to actual care.
The average Canadian doesn't need to fear being bankrupted by medical bills. A Canadian who leaves or loses his/her job doesn't lose medical coverage along with it. The fact that our coverage doesn't depend on our job gives us more freedom to, among other things, look for a different position, go for more schooling, start their own business or bow out of the paid workforce to care for small children, than an American whose medical coverage is tied to their employment status. On the other side of the coin, businesses have fewer administrative costs, and in some cases will feel more flexibility to lay off employees if business requires it. (They know that Joe the pipefitter's daughter's disease will still get care regardless of Joe's job status.) The fact there's no incentive to delay getting help for problems can sometimes mean that big expenses are headed off. Those factors all have positive effects for our economy at large, and even more important, for the general well-being of our people.
What better investment could a country make than the health of its people?