Hill September 26, 2021
Prices for health services in the U.S. are high relative to the rest of the world. For example, a simple MRI scan that costs $1,430 in the U.S. costs around $450 in the United Kingdom, $750 in New Zealand, and $310 in Switzerland. High U.S. prices have been the primary cause of high health insurance premiums in the U.S. for several years. Ultimately, the burden of high prices and premiums are borne by American workers in the form of high employee contributions, lower wages, and less generous benefits.
A simple change to federal tax policy can bring high health care prices down, while at the same time increasing government revenues and reducing inequality: Make insurance coverage of high-priced health...
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