Canada, you're sitting on a gold mine!
Offline I do hope not, given that socialised medicine/universal health care can, and is, run in other countries at HALF the cost of the current US health care system, so clearly that view is wrong.
OK then the solution is simple. We just get Canada to let Americans buy policies to be covered by their health services. We get a 25% discount, Canada keeps the other 25% savings to go into their general fund. With the money it brings in, Canadians would no longer need to pay any taxes and their public schools and services would be fully funded by all this money Americans would send north.
Canada already contracts with American hospitals and doctors to provide coverage here in the states, so expanding coverage with this 50% operating cost advantage should be no problem.
If you do the math, the USA spends about 12% of our GDP on Health care. Our GDP was 14.33 trillion in 2008. So Canada would get 3% of this or 430 Billion dollars per year. The GDP for Canada was 1.3 trillion in 2008.
Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state represents a complete defeat for the civilized world, while a totally voluntary society represents its ultimate success. --Mark Skousen
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First problem is that Canadian healthcare is not for profit, unless you're a CEO. Changing that would be very expensive.
Second problem: I doubt very much that Canada would be given free reign in the US healthcare system, which it would need to replicate the healthcare standards in Canada. How are we supposed to offer cheaper services when your hospitals decide costs, and your people must use your hospitals? I doubt anyone South of New York state would wait two hours in customs at the border to go to a Canadian doctor in Canada. The only alternative option would be building our own hospitals down there. Which is simply logistically impossible. We might be able to build a few dozen, but that wouldn't scratch the surface of the US populations needs.
Third problem is that a great many, if not most, Americans have a delusional condition where they see the rest of the world as inferior (even though the truth is the opposite), and would automatically boycott it simply for being foreign.
Enlightened Atheist, Gaming God.
Finally, I'm pretty sure that the government of Canada is by law not permitted to run or interfere with for profit businesses for the express purpose of avoiding monopolies, and with the only exemption being able to fine businesses that break the law.
Enlightened Atheist, Gaming God.
Dude, America wouldn't even let us make jet planes. seriously, if canada could make this money then why wouldn't the all powerful America cash in? Surely your economists aren't that stupid...