The rich are becoming richer, and the gap between the rich and the poor is getting bigger.
Uwe ReinhardtThe issue of universal coverage is not a matter of economics. Little more than 1 percent of GDP assigned to health could cover all. It is a matter of soul.
Uwe ReinhardtWe are the only nation where paper is still the mainstay in the private insurance industry.
Uwe ReinhardtWe economists, in our classes, teach students that to some degree, price discrimination is actually a good thing; that it allows you to serve lower-income people. Take Africa, with AIDS. They could never finance what an AIDS cocktail costs here, over $10,000 a year. But if you sold it to them for $300 a year, which just barely covers cost, they could probably serve quite a few of their citizens, with World Bank help. We economists say that will be beneficial. But it's a two-tier system; yes, African people pay less than we would pay.
Uwe Reinhardt