The United States could learn a thing or two from Cuba when it comes to health care for citizens

The reason is simple. Most of the American citizens do not earn enough to shell out for the costly premiums of healthcare insurance. In most cases, the premiums for most of the insurance products have worked out to be more than the average annual income for majority of the Americans! Even for the fortunate ones who are insured, things aren’t so bright. Insurance companies, on some or the other pretext, have been denying insurance claims even after charging heft y premiums. The most obvious result of this greed and avarice-driven healthcare system has been the breathtaking profits for American healthcare companies. United Health Group & Well Point, the Fortune 500 companies in 2006, earned whopping profit increase in 2006 by 28% & 157%, respectively, over the previous year.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative