Spiraling Health Care Costs

The legislation that created the new Medicare drug benefit expressly prohibits the federal government from attempting to negotiate lower prices with drug companies.

By: Jim Schlagheck

Americans are deeply unhappy with the country’s health care programs and costs. And rightly so. As one author observed, “A recent survey showed that only 17 percent of respondents in the United States were content with their health-care system . . . Why the discontent? The superficial reasons are simple enough to describe: the system is hugely expensive, very bureaucratic, and extremely patchy. The expenses first: U.S. health care costs a third more, per …

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