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NEW YORK (Reuters) - Former President Bill Clinton said the United States could save more than $1 trillion a year by adopting any other advanced nation's healthcare system.
He also said there are important advances included in President Obama's healthcare reforms and urged that it be improved upon rather than repealed.
"Our healthcare system has gotten all out of whack," Clinton said in a speech on Tuesday at the Jefferies Global Healthcare Conference, stressing the need to bring inflation in healthcare costs back in line with economic inflation.
Clinton said Canada and the European countries that have universal health coverage for their citizens spend a smaller percentage of their gross domestic product on healthcare than the United States does.
"Germany and France, with what is considered the most effective systems in the world in terms of universal coverage and quality of treatment, they spend 10 percent. Canada spends 10.5 percent," Clinton said.
"The United States spends 17.2 percent without having universal coverage," Clinton said.
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