Medical Innovation Vs. Access to Healthcare
There is no question that the US healthcare system is one of
the most complex systems in the world, riddled with disparities and inequities.
It would be unfair, however, to overlook the significant impact the US has on
medical innovation compared to any other country. Many would argue that what
causes US healthcare to be so inaccessible to many, compared to residents of similar
nations, is the very same reason the US is leading the world in medical
research and innovation. What sets the US apart from other comparable countries
is the extent of a free market, especially when it comes to the health field.
Not many people would argue against money and profit being possibly the
strongest driving force for progress and development. Companies and
pharmaceuticals in the US are strongly motivated to continuously modernize and
innovate in a market that promises huge financial gain for revolutionary ideas.
This is not the case in most comparable countries, which may regulate this area
of the market more heavily in order to ensure prices stay within a reasonable
range and remain reasonably accessible to patients. Now the question is whether
medical innovation is worth limiting access to healthcare. Would it be worth it
if those most in need of these innovations do not have access to them?
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