The FT had a fabulous cartoon in it yesterday that just about summed up the US health care system:
It's all very well agreeing to curb spiralling costs, but quite how this will actually be achieved in unclear.
Ever since arriving in the US ten years ago, I've been fascinated and appalled by the dichotomy that exists in the system here. The FT put it succinctly:
I'm not sure what the solution is either, other than no matter what is proposed, the venture will flounder in policy, apathy and compromise that pleases no one.
Perhaps the unthinkable equilibrium will happen, as described by Paul Kedrosky:
'If something cannot go on forever, it will stop.'"
We can all agree that the deficit and extravagant spending on healthcare cannot continue for ever, but stopping either in its tracks may prove easier said than done. Unless we just fall over the abyss and avoid the future consequences of rising costs, an aging baby boomer population and new technologies.