PROFIT® and health care costs

Health care costs are increasing in every country in the world. This is largely due to inflation, and the skyrocketing costs of prescription drugs. But privatization proponents won’t tell you that. They also won’t point out that health care costs are rising more quickly in countries with a greater proportion of private health care delivery.

Private health care is more expensive, drains resources from the public system, limits access to those who can afford to pay, and puts patients at risk by cutting corners in favour of corporate profits. Study after study shows that public health care costs less and delivers better care quicker.

PROFIT® is not the cure for escalating health care costs.

Resources:

Is BC’s Health Care System Sustainable? A Closer Look at the Costs of Aging and Technology (PDF)
Canadian Centre for Policy Alternatives | Marc Lee | November 7, 2006

The High Costs of For-Profit Care
Canadian Medical Association Journal | Steffie Woolhandler & David U. Himmelstein | June 8, 2004

For-profit health care would drive up costs by $7.2 billion a year: study (PDF)
Canadian Press | Helen Braswell | June 7, 2004

Doctors unaware of health-care costs
ExpressNews | Ryan Smith | May 10, 2004

Family doctors clueless to costs of drugs, tests
CBC News | April 28, 2004

Do family physicians know the costs of medical care?
Canadian Family Physician | Dr. Michael Allan & Dr. Grant Innes | February 2004

Costs of Health Care Administration in the United States and Canada
New England Journal of Medicine | Steffie Woolhandler, Terry Campbell & David Himmelstein | August 21, 2003

Figures belie health-care spending 'crisis'
Edmonton Journal | Alysson Jeffs | November 7, 2002

Myth: The aging population will overwhelm the healthcare system (PDF)
Canadian Health Services Research Foundation | 2001

Controlling health care costs a costly business for HMOs in US (PDF)
Canadian Medical Association Journal | Milan Korkok | August 25, 1998