Sunday, June 2, 2013
Why Medical Care Is So Expensive In The US
This article describes the irrational healthcare system in the US. Healthcare spending in the US per capita is twice that of any other nation. Those with good insurance get good care but premiums keep rising faster than inflation, and millions of Americans have no insurance. It has become more of a business than many doctors would like it to be, but the financial incentives to take advantage of the system are powerful. It is, by far, the single most important driver of our long term budget problems. You only have to look at the politics of Obamacare to see what the problem is. Those who benefit from high prices are willing to pay politicians whatever it takes to keep the system the way it is.