The Prof G Pod with Scott Galloway No Mercy / No Malice: The Fix
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May 17, 2025 Explore the staggering impact of high healthcare costs on the nation's debt and future generations. Discover the implications of a recent executive order aimed at lowering drug prices and the urgent need for fiscal responsibility. The discussion critiques bipartisan government spending and uncovers the inefficiencies and flaws in the U.S. healthcare system. Families struggling with medical debt highlight a pressing crisis that demands attention and reform.
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U.S. Debt Threatens Global Power
- The U.S. faces a fiscal crisis as interest on debt outpaces critical spending like defense.
- Debt servicing limits national capabilities, risking America's global standing.
Health Costs Drive Debt Growth
- The unrealistic assumptions of government debt projections ignore health care inflation.
- Reducing health care cost growth by 1% per capita could cut fiscal gap by 3% of GDP, half the needed fix.
U.S. Health Care: Costly and Inefficient
- The U.S. pays far more for health care with poorer outcomes compared to peer nations.
- High costs span drugs, procedures, salaries, but quality remains subpar.