Logically, every time we invent a new cure, we increase healthcare spending
That doesn’t logically follow at all.
If costs are supposed to fall over time, the body of medical science should be getting cheaper while the increasingly boutique and obscure treatments make up a smaller portion of the overall pie.
Instead, we drugs life insulin and adalimumab seeing skyrocketing prices decades after their development and broad adoption.
If only. Per capita health care spending has been rising since the 80s, even adjusted for age
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Which county isn’t cutting access to health care again?
Because there’s many more treatments available now? Logically, every time we invent a new cure, we increase healthcare spending
That doesn’t logically follow at all.
If costs are supposed to fall over time, the body of medical science should be getting cheaper while the increasingly boutique and obscure treatments make up a smaller portion of the overall pie.
Instead, we drugs life insulin and adalimumab seeing skyrocketing prices decades after their development and broad adoption.