Logically, every time we invent a new cure, we increase healthcare spending
That doesn’t logically follow at all.
If costs are supposed to fall over time, the body of medical science should be getting cheaper while the increasingly boutique and obscure treatments make up a smaller portion of the overall pie.
Instead, we drugs life insulin and adalimumab seeing skyrocketing prices decades after their development and broad adoption.
Why would costs fall over time? It’s not like energy is getting much cheaper. MRA scans cost a huge amount of energy, and more and more uses are found for them.
There will always be a baseline for how much something costs, materially speaking. And so the more cures and techniques are invented, the more costs there will be.
That doesn’t logically follow at all.
If costs are supposed to fall over time, the body of medical science should be getting cheaper while the increasingly boutique and obscure treatments make up a smaller portion of the overall pie.
Instead, we drugs life insulin and adalimumab seeing skyrocketing prices decades after their development and broad adoption.
Why would costs fall over time? It’s not like energy is getting much cheaper. MRA scans cost a huge amount of energy, and more and more uses are found for them.
There will always be a baseline for how much something costs, materially speaking. And so the more cures and techniques are invented, the more costs there will be.