Why Are The Europeans Better At Healthcare?

Last week, I asked "what field of human activity is a free market system consistently far less efficient than a socialized one?" And I asked why "are those decadent Europeans actually more efficient in providing healthcare than we are?" Austin Frakt answers:

1. Any field for which there are severe market failures — health care being one — is one for which a socialized approach has the potential to help.

2.“Those decadent Europeans” seem to understand this. Moreover, international comparisons are consistent with the hypothesis that a more socialized approach does, in fact, help.