[ExI] Why is “cost of living” such a big problem?

[spike at rainier66.com]

-----Original Message-----
From: extropy-chat <extropy-chat-bounces at lists.extropy.org> On Behalf Of Ben Zaiboc via extropy-chat
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>...There is one clear cause for the ridiculously high expense of healthcare in the US: Already-rich people making making even more money from the suffering of poor people... Ben

Ben, our medicine costs a ton of money.  It is developed and qualified at enormous expense.  The companies that do that must make back their money somehow.  Otherwise new medications and therapies will not be developed.  Other countries can duplicate the medication for low cost and buy the machines invented here.  Consequence: medicine is very expensive here.  We do not have the option to socialize medicine here, even if we just stop developing new medicines, for the government cannot afford our medical system either.  Its debt is too high to take on new expenses.

spike