The US healthcare system has a lot of issues, but one thing it’s got going for it is innovation. More clinical trials originate in the United States, and more Nobel Physiology and Medicine Laureates are from here than from any other country. The key: the huge US health care market. We spend a LOT on health, which means there’s lots of money to be made. That doesn’t, however, mean that we couldn’t innovate better.
This episode was adapted from a column Austin and I wrote for the Upshot. Links to further reading and sources can be found there.