Health care is 20% of the GDP, over $4 trillion a year and estimated by 2030 to be up to $6.8 trillion a year. The per capita cost in the U.S. is about $12,000 per person per year. There are not a lot of market forces, competition, advertising prices to help lower that. So we're really seeing a combination of things and the pandemic did not help with resource utilization.
Ed Price, Principal at Ergo, discusses Liz Truss quitting as UK prime minister after a brief and chaotic tenure that saw her announce a massive package of tax cuts before unwinding most of it in the face of a market rout. Dr. Ian Lustbader, Clinical Professor of Medicine at NYU Langone, talks about inflation impacting healthcare costs. New Balance CEO Joe Preston shares his thoughts on supply chain challenges and inflation hitting the footwear and apparel manufacturer. And we Drive to the Close with Eddie Perkin, Chief Investment Officer at Equity at Eaton Vance.
Hosts: Carol Massar and Mike Regan. Producer: Paul Brennan.
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