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Originally Posted by abaya
Cyn--what's your opinion of the Icelandic health care system?
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I've not spent much time paying attention to it. I can only say what little I know is based on the small demographic that it has to encompass. Since the entire population of Iceland is just over 300,000 it is an unfair model to compare since it may not scale very well into the millions.
Taxes are quite high based on what I read an know. I'm not sure how much of that gets redirected to healthcare coverage, but the $104 paid into the Eldery Construction Fund doesn't appear to include the healthcare costs, but just the construction and operation of the facility.
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Iceland tax rates:
36% Income tax
24% VAT
14% tax on foodstuffs
5% social security tax
In addition to the above, each individual pays a flat tax of 6,314 krónur ($104@60k/$1) per year to the Elderly’s Construction Fund, a central government fund used to finance the construction and operation of nursing homes and care centres for the elderly. Persons under the age of 16 and more than 70 years old are exempt from this levy, as well as those with an income below 948,647 krónur in 2006.
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I do have a pair of friends in Aukureryi who work in hospitals and I don't recall ever having a conversation about the healthcare system itself. We've discussed the technology and logistics of the hospitals, but not how the system pays for itself.
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