The often ignored reasons for the high cost of healthcare

SUMMARY: Change is coming to healthcare. Its become too profitable, and too many people are seeing raises eaten by rising insurance premiums. Despite all this, we, as a country, continue to ignore the fact that Americans are overeating, don’t exercise and then expect our health problems to go away with a little pill.

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Do pharmaceutical companies have a social responsibility to the public?

Milton Friedman wrote that “there is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.” One can argue that pharma companies have and have not adhered to this principle.

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Employers are sharing more of their healthcare costs with their workers

SUMMARY: Faced with rising premiums, U.S. employers are sharing more of their costs with their workers, particularly through higher deductibles, copayments, and coinsurance. Recent research indicates that employer plan premium contributions and out-of-pocket costs, like those for prescription drugs, are eating up an increasing portion of household budgets

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