Tincture November 9, 2019
As the US lurches unsteadily toward universal health coverage, much of the debate centers on costs. Health care is a mammoth industry, with total spending around $3.5 trillion dollars per year. And that’s for a system that covers only about 90% of the population, and achieves outcomes that are mediocre at best.
It’s no secret that we pay more and get less from our healthcare system than any other country with an advanced economy: our per-capita medical spending is the highest, yet we have the lowest life expectancy and highest infant mortality.
When we think of the drivers of high healthcare costs in the US, drug prices come immediately to mind. We pay substantially more (over $1000 per capita) for...
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