My fundamental issue with various complaints and criticisms regarding medical costs is, what's your solution?
I grew up with a doctor and nurse as parents. I've seen the health care industry from the inside. I'm COO of a small tech company, we run lean, are successful, but still our products "seem" really expensive. Yet, I know where those costs go, and it's not in anyone's pocket.
Looking at the net profit of the various pharma and device makers, I see nothing to suggest obscene, greedy profits. Indeed, the profit margin of of pharma companies, health insurance companies, device manufacturers is substantially below that of big tech companies like Microsoft, Google, etc., yet no one complains about them.
My point is, the costs we are incurring seem to be in line with ordinary, acceptable, business models and accounting. This stuff just costs a lot.
It would cost less for us in the US if we didn't have to carry the extra burden of paying the amortized development costs for the rest of the world, but that's the way it is. All of you in Canada, UK, France, Spain, and on and on we're paying for you. Period. And if US consumers were'nt carrying these costs, we wouldn't have Humalog, Apidra, G4's, Omnipods, and on and on.
Even the European companies do the lion's share of their research in the US.
I don't like it, but I rather have the treatment and pay through the nose, or not have it at all.