1. Economics Objectives(SWBAT): 1. Examine the macro-economic aspects of health care in Germany, Japan, Britain, and Taiwan. 2. Compare various approaches to Health care in the above listed countries. 3. Evaluate the effectiveness of the U.S. approach versus other countries as it relates to GDP % spent on health care. FMA : Next Slide

2. FMA : What is the cartoon trying to say? Is it accurate?

3. Activities: 1. Warm-up and Discussion NOTE: 1 Company write-up due by Wednesday if you were absent Friday! 2. Essay Guidelines and Discussion 3. Don't forget the ExCredit opportunities on Website--in External Links tab. 4. Insurance Data on the U.S. 5. Video--Health care as it is in other Competitive Democracies. 6. Discussion

4. 2001 Harvard Study *1,458,000 personal bankruptcies in 2001, according to a study published by the journal *Over 75% had health insurance at onset of illness *38 percent had lost coverage at least temporarily by the time they filed for bankruptcy. *Families in bankruptcy suffered privations -- 30% had a utility cut off *61% went without needed medical care. *Uncovered medical bills averaged $13,460 for those with private insurance at start of illness. *People with cancer had average medical debts of $35,878. Read more: http://www.consumeraffairs.com/news04/2005/bankruptcy_study.html#ixzz0jCNVHF6U

5. 2009 Harvard Study Revisited: *Medical bankruptcies declared increase to 62 percent in 2007 (that is up 50% from 2001 data) *Over 78% of those who filed for bankruptcy were middle-class, well-educated homeowners *Why bankrupt if medically insured? Because of gaps in coverage like co-payments and deductibles and uncovered services, *On average, medically bankrupt families had $17,943 in out-of-pocket expenses, *If you lacked insurance at onset of illness, then average goes to $26,971 *Since 2003, over 1.5 million U.S. bankruptcies per year are caused by medical bills --2 million in 2005. Citation: August issue of The American Journal of Medicine

6. 1 France 2 Italy 3 San Marino 4 Andorra 5 Malta 6 Singapore 7 Spain 8 Oman 9 Austria 10 Japan 11 Norway 12 Portugal 13 Monaco 14 Greece 15 Iceland 16 Luxembourg 17 Netherlands 18 United Kingdom 19 Ireland 20 Switzerland 30 Canada 31 Finland 32 Australia 33 Chile 34 Denmark 35 Dominica 36 Costa Rica 37. United States 21 Belgium 22 Colombia 23 Sweden 24 Cyprus 25 Germany 26 Saudi Arabia 27 United Arab Emirates 28 Israel 29 Morocco The World Health Organization's ranking of the world's health systems was last produced in 2000, and the WHO no longer produces such a ranking table, because of the complexity of the Citation: http://www.photius.com/rankings/healthranks.html

8. Video: Sick Around the World http://video.pbs.org/video/1050712790/

12. Attachments