An article in today's Wall Street Journal surprised me. ("How Do We Deal With Rising Drug Costs?", p. R4) We are all aware of the astonishing costs of some drugs -- for example, biologics. We hear about people whose drug costs are $50,000/year or more. (Whether paid by the insurance company or not.)
If fact, however, drug costs are only about 10% of health spending, and while drug costs are rising rapidly, so is over-all health spending. It's a much bigger problem than just drug costs.

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