for Medicaid. This is comparable to the government picking up the bill for children and the poor families in japan. The retirees in the US may have Medicare or private insurance either way, they will pay a portion of the cost of their care which is similar in japan. The differences between these groups in the US and Japan is that the government stipulates the cost of medical care in Japan and this is not the case in the US. Therefore, healthcare is very expensive here and very cheap in Japan (The Common Wealth Fund, 2017). A2A. Coverage of Medications: In the United States, medications are covered on an individual basis with a lot of factors determining the cost. Each of the hundreds of thousands of different health insurance plans may
pay a different amount for a medication leaving the insured with the remainder of the cost. In many situations, the medication may be fully covered or not covered at all. For example, Medicaid covers many generic brands of medications, but does not cover named brand items. Drug companies also price their drugs them selves which causes some medications to be very expensive and almost unaffordable, even with good health insurance. This is very different from Japan where all medications are covered by insurance. The prices are also set by the government, so they are made affordable and you cannot be charged different amounts based on how much you pay monthly for your health insurance (Okamoto, 2014).
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- Spring '17
- Universal health care