Privatized Health Care Won't Deliver

Résumé du livre

Canada's rate of public finance is just marginally less than the average for the Organization for Economic cooperation and Development (OECD) countries for 2005 of 72.1%.3 But almost all of the countries with comparable standards of living to Canada have a higher proportion of public spending. [...] To add to the confusion there also three hospitals in Ontario regulated by the Private Hospitals Act.7 The Act was actually drafted in 1973 to restrict the development of more private hospitals. [...] As the late economist Milton Friedman said, "...there is one and only one social responsibility for business - to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud."13 Summary: definitions of public and private health care In the acrimonious deb [...] As a result, the US system has three and a half times Canada's per capita cost for administration despite tens of millions of 10 Privatization of Health Care Americans lacking insurance coverage.33 In the whole of the US economy, still by far the biggest in the world, five out every 100 dollars are spent on administration of their health system. [...] The concept behind P3s, as stated by their proponents, is that the private sector provides the capital and takes on the risks while the public sector reaps the benefits.