David M. Walker writes:
Over the past three decades, other developed nations have done a much better job of keeping their health care costs
in check.
Virtually all of our major economic competitors in the developed world already provide universal coverage, and they do so for about $3,500 per
person every year – half that of the United States’ $7,000 per
person costs.
Those differences are reflected across the board here in much higher hospital costs, doctors’ salaries, pharmaceutical prices and administrative costs.