Tuesday, August 25, 2009

Healthcare Myths

One of the myths used to attack our healthcare system is that we have lower quality healthcare today at a higher cost.

The higher cost is undeniable, driven by many factors including those of government's making. But according to the Congressional Budget Office, two-thirds of the increase in the price of health care relate to using new drugs and devices.

These medical advances provide enormous benefits to the quality of healthcare. As one example, in the 1980's, there was a 60% chance of surviving a heart attack. Now its 90% - in other words, there has been a 75% reduction in chance of dying from a heart attack in the last 20 years.

That's a remarkable achievement. And for the wealthiest country in the world, one well worth paying for.

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