Is it? Isn't this exactly the outcome you'd hope for?
Individual consumers pay basically nothing and companies are still incentivized to innovate and create new medicines
Individual consumers pay basically nothing and companies are still incentivized to innovate and create new medicines
They pay via premiums - mine went up to $2,792/month this year - or if their employer pays those, via the resulting wage impact.
And, as a result, we spend 2-3x what the rest of the OECD spends on healthcare - public and private spending - with roughly the same health outcomes.