Health Insurance: US vs. Canada

On the July 8th edition of Open for Business Host Tom Egelhoff of Bozeman and Co-Host Shane Montalban from Vancouver, BC in Canada went toe to toe over the differences in healthcare between the two countries.

Are we moving to a single payer system in the US?

Many people are convinced that the Democrats want a European Socialized Single Payer healthcare system.

Republicans favor competition between insurance companies to control costs and favor a more capitalistic free market system for handling health insurance.

Tom and Share discuss the differences and similarities between the two systems and whether a Canadian style system would work in the US.

The Canadian System Explained

Shane does an excellent job of explaining the good bad and ugly of the Canadian System as well as some history about the evolution of the current system and where it’s expected to go in the future.

Check out this very informative interview below and feel free to comment.