Why the Current Healthcare System Is Nuts

Many pharmaceutical treatments now for cancer and other illnesses are in the seven figures per year, say $100,000 a year or more. "We have this crazy system right now where pharmaceutical companies can raise the price 10, 20% on existing drugs," he says. The hospital system is uncompetitive partly because we've given existing hospitals the ludicrous ability to restrain competitors from entering their market,. He adds: "You would think as an abstract and insurance companies ought to not pay for drugs that don't give you the benefits"