Bloodsuckers Target Americans

The United States runs the by far biggest and most bloated healthcare sector in the world when measured as a share of the total economy. Its annual price was $3.7 trillion, amounting to 17.9% of GDP (2018). That is nearly double the average of developed Western countries (as a share of GDP).

https://www.youtube.com/watch?v=iT1u1-19m5I

The enormous expense does not buy Americans any better health than the Europeans get for half the price, in fact the health outcomes are far inferior in the US. In life expectancy, the US has fallen down to 33rd place, even dropping below Cuba.

Exorbitant prices on drugs, medical treatment and health insurances are crushing decent Americans. Half of working age American adults have either no insurance at all or only an inadequate insurance and therefore risk being financially ruined for any kind of medical treatment.

According to the American Cancer Society, 137 million Americans suffered medical financial hardship in 2018, borrowing a total of $88 billion to cover their necessary medical expenses. Medical bills are now the primary factor in two-thirds of all personal bankruptcies in the United States.

Each part of the healthcare industry contributes to what is a giant monopoly scam: the pharmaceutical companies, medical equipment manufacturers, drug wholesalers, drug stores, group purchasing organizations, health insurance companies, doctors, clinics and hospitals, and even what should be impartial university research.

All the monopolists (in official parlance, oligopolies) are in turn owned by the same set of investors in what is called horizontal shareholding. The same some 15-20 investors have the controlling stake in all the leading companies of the entire pharma and healthcare industry.

That’s not all. Two of the investors, BlackRock and Vanguard, are the biggest owners in almost every single one of the leading companies. So when President Trump takes tentative but brave steps to put this right, he’s going head to head with some VERY powerful and VERY greedy people.

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