U.S. Health Care

Paper Summary:

This paper examines how the current U.S. health care system could be run a lot more efficiently. It looks at how better planning, coordinating, controlling and evaluating the use and allocation of health care resources could assist in improving its current state even though the goals of the system are quality improvement, cost containment, greater effectiveness and increased efficiency. It shows how issues such as prescription drugs, medicare reform, import of drugs, exhorbitant costs and and other causes that have left the U.S. Health care system in the trouble it is in today.

From the Paper:

"The cost of drugs is a big issue and simultaneously the cuts in prices, would in their estimate lead to reductions in research budgets that would ultimately be counter-productive. Companies would not be able to avoid the long and expensive process of testing and developing new drugs if they could not gain an adequate return from their sale. But momentum for a prescription benefit is growing, with the backing of the powerful American Association of Retired People, (AARP), which represents the grey lobby. And even Republicans in Congress are beginning to concede that something needs to be done about the cost of prescription drugs, even if they favor an extension of the private insurance system."

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