As anyone who’s ever paid a health insurance premium or a hospital bill knows, medical care is expensive. What Americans may not know is that residents of other countries don’t pay nearly as much for the same things.
The latest data from the International Federation of Health Plans, an industry group representing health insurers from 28 countries including the United States, once again illustrates that American patients pay the highest prices in the world for a variety of prescription drugs and common procedures like childbirth and hospital stays.
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Americans pay higher prices for many prescription drugs and medical treatments than citizens of other nations, a new report shows.
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Since the Affordable Care Act passed into law, companies have been vocal about the drastic measures they’ll take to avoid paying for basic health care coverage for their employees, including cutting hours and firing workers.
An increasing number of companies now say paying the government’s penalty to break the law will be cheaper than following it, The Wall Street Journal reports.
An Obamacare provision that goes into effect next year requires businesses with 50 or more full-time workers to provide health care coverage for employees. For businesses that don’t, there is a $2,000 penalty for each full-time worker above the 30-employee threshold. (Full-time workers are defined as anyone who works more than 30 hours a week in a given month.)
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