State of Reform July 23, 2018
The United States’ three trillion dollar health care industry, an industry that affects every American is, from a cost containment perspective, out of control.
For the past 35 years, health care has been the focus of every cost-containment strategy under the sun – and nothing has worked. Since 1970, health care costs in the United States as a percentage of gross domestic product have risen by 11.2% and are still the highest in the world – with the United States being ranked 38th in the world for quality in health care.
The profit motive is a factor. Pharma companies have a fiduciary duty to stay in healthy financial shape. And they have developed drugs that take ten years of investment...
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