Question

Why does the U.S. consider health care an open market commodity when all other developed countries guarantee their citizens some basic level of health care?

Answer 1

In the United States, the healthcare is mainly owned by the private sector and most of them are (approximately 58%) non-profitable, 21% are based on profit and about 21% are owned by the government. In the United States, healthcare is compared to an open market commodity because it is owned by the private sector and people have to pay for the healthcare services they receive. The US is the only developed country that does not offer some type of universal healthcare facilities to the citizens. Treating health care as a commodity makes most of the people to not to receive the quality care they actually need and it always follows the demand-supply rule and consider the profit scale.