Ian Weston SVP, Special Projects Dow Jones NY

US health care is expensive because the free market with
low price elasticity ensures that the standards and expectations are set
by those with the most to spend.

Tiered services and price differentiation are not really practical
propositions in health care owing to the nature of the cost structures
and services provided—so we have a system that provides exemplary
health care to those that can pay for it, but struggles to provide
acceptable ‘regular’ service that is affordable to the average
citizen.


So much clarity of thought..in the western elite..quite surprised to note that

this is a response to MC Kinsey report.on how health care spending in the poor is increasing in the states...