It is not pharmaceutical companies
Every year America spends about $5,000 more per person
on health care than other rich countries do. Yet its people
are not any healthier. Where does all the money go? One
explanation is waste, with patients wolfing down too many
pills and administrators churning out red tape. There is also
the cost of services that may be popular and legitimate but
do nothing to improve medical outcomes. Manhattan’s
hospitals, with their swish reception desks and menus,
can seem like hotels compared with London’s bleached
Victorian structures./.../
on health care than other rich countries do. Yet its people
are not any healthier. Where does all the money go? One
explanation is waste, with patients wolfing down too many
pills and administrators churning out red tape. There is also
the cost of services that may be popular and legitimate but
do nothing to improve medical outcomes. Manhattan’s
hospitals, with their swish reception desks and menus,
can seem like hotels compared with London’s bleached
Victorian structures./.../
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