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Originally Posted by CRFSaver
So the only concern I have with a program like that, is how are new procedures and medicines approved?
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By the medical community, the same as it is here.
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Part of the cost increased in healthcare have come from advances in health care (medicine and procedures). And I am asking this because I have no clue how it works. How do you ensure that new procedures and medicines get into the system?
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Same way they are here. It's private-sector medicine.
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I believe even in medicare things enter private sector medicine before they are allowed and paid for in medicare.
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Are you referring to experimental procedures ? I assume that would be handled in Canada the same way it is handled by Medicare here. Medicare is a single-payer insurance program as well.
BTW, bone marrow transplant surgery came from Canada, as did many other break-through medical procedures and drugs.
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How do you provide a large enough return to justify the R&D for medical device and pharma companies. No I dont mean big Pharma like Pfizer but the smaller shops that come out with specialized products.
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Perhaps I failed to make it clear. Canada’s medical system is pretty much the same as in the U.S., it’s the health
insurance system that is different.
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