Tough as it is, having highly effective, but expensive, new treatments is a good problem to have. These drugs mean longer, better lives for humans the world over. We need to foster competitive markets and public policies that enable us to benefit.
Cost increases in health care have appropriated productivity gains and displaced wage increases contributing to middle class income stagnation, and undermining the very stability of our society. Part of the solution is to reframe the national health research agenda.
While rewarding doctors for each step they take to make a patient better may seem fair, it has disastrous consequences for the structure of our health system. Chief among them is our top-heavy physician specialty structure.
There are limits to how much a government can receive as grants from donors or borrow. So raising tax revenues is a necessary element for governments to spend on providing more of these essential services and, in turn, reduce poverty.
Heath care reform is tricky. On the one hand, providing access to affordable health care is of paramount importance. But spending on health care is putting enormous pressure on public purses all over the world, and it's only getting worse.