WHEN YOU LAST PURCHASED A VEHICLE, did you ask the dealership how much your car cost to manufacture? Chances are, you were more interested in the car’s durability and safety features – and you were willing to pay for higher quality. Look at the pharmaceutical sector, and a completely different set of logic is being […]
Peter J. Neumann
Posted inHealth Care, Opinion
Medical services must be rationed but in a sensible way
The federal government recently reported that health care spending has surpassed $1.5 trillion. Roughly 15 percent of our gross domestic product goes to health care, a far higher percentage than in any other nation. Yet life expectancy is lower in the US than in Sweden, Japan, Iceland, Italy, Israel, France, Australia, and several other countries. […]