In this heated presidential election season, we are hearing about a lot of healthcare issues in terms of insurance and whether there should be a universal healthcare system or private insurance. One of the issues that is brought up from time to time has to do with the fact that Americans seem to pay more for drugs and medical procedures than people in other countries.
According to a recent news feature from Family Practice News, a trade publication for primary care physicians, having a total knee or total hip replacement surgery in the United States costs more on average than it does in a group of six other countries in the industrial world. The price was higher in the U.S. by a long shot. For example, the average price of a total hip replacement in the U.S. was $29,000 as compared to the same procedure in Switzerland at just over $20,000, and this was the next most expensive country in the group of six selected as part of the study. Continue reading