Discuss the main differences between health-care offerings in the United States

Question

Discuss the main differences between health-care offerings in the United States and one other country’s practices discussed in this chapter. How do these differences affect companies’ ability to compete with other companies worldwide?

Discuss the main differences between retirement systems in the United States (taking into account legally required and discretionary programs) and one other country discussed in this chapter. Does it appear that the cost of retirement programs are creating burdens for competitive advantage?

Explanation / Answer

1. Differences between health-care offerings in the United States and in other OECD countries:

These differences create additional burden on the companies which have to spend more to offer better health care facilities to the employees as compared to other companies worldwide which do not have to spend such a significant amount to cover health care needs of their employees.

2. Differences between retirement systems in the United States and in other OECD countries:

Yes, it is imperative that the cost of retirement programs are creating burdens for competitive advantage because countries have to bear huge costs to provide for the retirement programs. If this money is utilized for development purpose, then it could definitely create competitive advantage for the countries.

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