Originally Posted by Malki
------Thank goodness for the UK/European free health service, sounds like you guys need to pay for every visit??
I wish we had a little more government CONTROL of the insanely escalating medical costs here in the US, but for most of us, insurance covers the major costs. Those unfortunate people who have major medical instances and no insurance can be in DEEP trouble though!
My last accident ended up being over $120,000 US in total medical costs, but my out of pocket costs were less than $400. Insurance covered the rest.
I think the fact that we mostly have insurance is the main reason for the outrageous costs now. I am surprised the insurance companies have not banded together and forced drug companies, doctors, hospitals, etc to rein in the charges and make it reasonable for them and the patients, and still allow them to make reasonable profits.
The typical total yearly medical costs for my wife and I are about $2,500-$3,000 out of pocket, with another $3,500 in insurance premiums. When we both retire (near future I hope) the insurance premiums will be closer to $6,000 per year. Scary!
Yes, quite expensive compared to the European model, but not sure what your "hidden" costs are to cover it. I do know that some European country's tax rates are WAY higher than ours. You may be paying nearly as much as we are, but hidden in taxes. You probably have it much better when retirement comes around!