The 95'th percentiles are more or less the same between the US and canada ($154k in Canada, $165 in the US), but things just diverge dramatically after that point. The average over the top 5% works out to be $296,000 in Canada and $416,000 in the US.
Why would you expect health care costs to behave differently from other high skill jobs?
By the way, the most important paper in health care economics is "The Effect of Coinsurance on the Health of Adults" (http://www.rand.org/pubs/reports/2006/R3055.pdf). Everyone ignores it because the conclusion is counterintuitive, but it is bar none the highest quality study ever performed on health care economics.
Comments
Health care is dramatically less expensive in nearby Canada.
High skill labor is dramatically less expensive in nearby Canada. A 99'th percentile individual costs $181k/year in Canada and $384k/year in the US.
http://www.statcan.gc.ca/pub/75-001-x/2007109/article/409688...
http://www.nytimes.com/2007/03/29/business/29tax.html
The 95'th percentiles are more or less the same between the US and canada ($154k in Canada, $165 in the US), but things just diverge dramatically after that point. The average over the top 5% works out to be $296,000 in Canada and $416,000 in the US.
Why would you expect health care costs to behave differently from other high skill jobs?
By the way, the most important paper in health care economics is "The Effect of Coinsurance on the Health of Adults" (http://www.rand.org/pubs/reports/2006/R3055.pdf). Everyone ignores it because the conclusion is counterintuitive, but it is bar none the highest quality study ever performed on health care economics.