Private Health Care: Canada (.69%) v. US (11.6%)
S&P TSX Composite Index for Canada
S&P 500 Composite Index for U.S.
A regular CD reader from Canada (Andrew Greene) passes along the comparison above of the S&P/TSX Composite Index for the Canadian stock market versus the S&P 500 Index for the U.S. stock market. Notice the difference in health care sectors between the two composite market stock market indexes: it's only .69% of the Canadian market index versus 11.64% of the U.S. stock market.
Andrew wanted "Americans to have the chance to see the effect on homegrown health care innovation when health care is nationalized with policies like ours. It's pretty simple really. Nationalize health care and all the health care companies in the country will simply move somewhere else. Pretty powerful stuff."
8 Comments:
Mark,
Could you clarify what Cons. Staples & Cons. Disc. are?
qt,
consumer discretionaries and consumer staples... son staples are essential good like clothing and soap, discretionaries are more luxury products like electronics and jewlery
Thanks ej
When liberals in the US nationalize healthcare, where will the business go? At that point, I suppose the entire US workforce may become nationalized. Ration cards anyhone?
What the heck
Apples and oranges, sure health care is a tiny portion of Canada TSX, its government run and funded -- There are no HMOs in Canada.
Should we also conclude that Financials are bigger in Canada than in the US...I think not
I'm Canadian and I like our system, at a GDP level health care costs in Canada are a fraction (50%) of the costs of health care in the US, but that's got nothing to do with the TSX or the S&P500.
I expect better from you Mark
Regards
As if having for-profit, privatized healthcare is somehow *good* for a country.
The USA spends way more on healthcare and gets far poorer results than Canada. Infant mortality rates, life expectancy, cost of care, equality of care, quality of care: all worse.
Measuring the value of the healthcare system by its stock exchange share is simply retarded. Could there be a *less* important qualitative measure?
"The USA spends way more on healthcare and gets far poorer results than Canada. Infant mortality rates, life expectancy, cost of care, equality of care, quality of care: all worse"...
Hey fffish do you think that if you and your fellow travelers repeat a lie often enough it will somehow morph into a fact?
Canadian Health Care We So Envy Lies In Ruins, Its Architect Admits
Nice, another Canada vs. US health care battle .) I really think US are #1 when talking about science and especially medical science. You know the stories about our patients rushed to USA for treatment...? If somebody wants absolutely high-tech top treatment, he goes to USA. That's one side of the coin - the second one is unbelievable costs - ok, not so unbelievable, when you compare $100-300 000 income of a doctor in the USA and their income in Canada (how much for the rookie? I think they have salaries like plumbers...) I am selling health insurance in my Toronto term life company too, so I am fan of private insurance and I think changes are coming in Canada. On the other hand, I am willing to pay for the kids, old and poor people from my taxes. It's not about economy, it's about humanity!
Lorne
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