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How to Reform Medical Care
By Senator Steven Thayn Idaho District 8 How to Reform Medical Care
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Where we are in comparison to the rest of the world
USA OECD Singapore Rank in world in outcomes and efficiency 20th or less Some of the top nations #1 or #2 % of GDP to pay for medical care 18% and climbing 9% average 4.7% $/person $9,500 $3,268 $2,400 Socialized Mixed Mostly Free market with help for the poorest
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National Comparisons https://mha. gwu
Rank* Life expectancy Income per person Medical cost per person (2013) Singapore #2 83 $76,850 $2,267 Japan #4 84 $41,275 $4,787 Australia #8 $48,899 $6,097 France #14 82 $42,314 $4,644 Canada #16 $46,437 $5,763 USA Not listed 79 $53,960 $8,845 *Rankings based upon Business Insider 2017; only lists top 16 WHO ranks USA system #37
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What would a 50% reduction look like?
Total Per Person Per Year Per Person Per Month Tax Cut $ ,000,000 $ $ 50% Medical Cost Reduction $5,500,000,000 $3,438.00 $286.50
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What would a 50% reduction look like?
$750 million of the Idaho budget of $3.4 billion Enough for roads And drop the income tax from 7.4% to 5.7%
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How to reduce costs? 5 areas of focus Focus on primary care -- 20%
Change the way primary care is funded -- 0% Engage people in their own health care – 10% Transparency tool – 15% Help the poor with primary care – 5% Total of 50% reduction
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Singapore is a bright spot
USA Insurance High deductible Pre-paid medical care Primary care Everyone has access no focus Transparency tool Indirect No People control spending $20,600 Only 11% of total spend
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Solutions Have a DPC membership or pays cash for primary care ($500 per year) Everyone pays the first $3,000 to $4,000 of annual medical expenses out of pocket Access to a transparency tool Care for the poor begins with primary care and is coupled with plans to help them move through poverty
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