French Health Care Facing Cost Problems

We’re not the only one facing growing health care costs. France’s single-payer system has solvency troubles of its own:

The problem is that Assurance Maladie has been in the red since 1989. This year the annual shortfall is expected to reach €9.4 billion ($13.5 billion), and €15 billion in 2010, or roughly 10% of its budget.

Even if single-payer or other forms of government-run health care are better than free-market health care, it still wouldn’t make sense to initiate such a costly (and insolvent) program when our deficit is $1.3 trillion.

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