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A World of Wealth: How Capitalism Turns Profits into Progress by Thomas G. Donlan

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Chapter 8. A Capitalist Diagnosis for the High Cost of Health Care: Pay What It’s Worth

Can such a thing as a universal, affordable, high-quality health-care system exist? Most “realists” say you can have any two of these attributes, but not all three at the same time. Such realists are actually optimists: Building a system that accomplishes more than one of these three goals might be impossible.

Most universal systems are turning out to be unaffordable in the long run to the economies that support them. All across Europe, governments are trying to hold down the rapidly rising cost of their universal health-care programs. The number of things that medical science can do keeps growing, and many of the new things are more expensive than doing nothing ...

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