Now another criticism by some in our international and national community today is over the cost of health care in the US. To which is given a brief response below.
"None of the best-known international health care comparisons consider contributions to medical innovation."-From study at CATO Institute.
BENDING THE PRODUCTIVITY CURVE: WHY AMERICA LEADS THE WORLD IN MEDICAL INNOVATION-"....In general, Americans tend to receive more new treatments and pay more for them -- a fact that is usually regarded as a fault of the American system. That interpretation, if not entirely wrong, is at least incomplete, say Whitman and Raad:
- Rapid adoption and extensive use of new treatments and technologies create an incentive to develop those techniques in the first place.
- When the United States subsidizes medical innovation, the whole world benefits; that is a virtue of the American system that is not reflected in comparative life expectancy and mortality statistics.
- Inasmuch as a medical treatment must first be invented before its costs can be reduced and its use extended to everyone, medical innovation remains critical....."
