The U.S. has the least efficient, most wasteful healthcare payment system in the world, according to author and Medical Group Management Association keynote speaker T.R. Reid who spent three years traveling the globe interviewing healthcare officials while seeking treatment for his injured shoulder.
While some economists can identify 16 national healthcare models, Reid said there are really only four.
The Beveridge model is based on the ideas of William Beveridge, who helped develop the United Kingdom's healthcare system after World War II. In this model, healthcare is viewed as a government utility similar to libraries and fire departments. It is used in Cuba, Italy, Spain and Scandinavian countries, Reid said.