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Drug prices are high in the US but drug spending overall is nothing compared to overall healthcare costs. With a handful of exceptions, even the most expensive
by slackingoff2017 9y ago
Drug prices are high in the US but drug spending overall is nothing compared to overall healthcare costs. With a handful of exceptions, even the most expensive drugs cost 10k a year.
In contrast a few weeks in the ICU can easily top 100k. A visit to the ER is usually 1500 just to walk in the door. Healthcare costs are largely a result too many middle men and overhead from extremely high healthcare provider salary.
- chii 9y ago> overhead from extremely high healthcare provider salary. may be there isn't any competition (which could be because it's quite hard to establish a new healthcare clinic/hospital)? Also, are there limited supplies of health care professionals that cause their salaries to grow to such a high number?
- slackingoff2017 9y agoThere's an artificial limit on the number of doctors