Why High Drug Prices Are Good For Us and the Economy

This is Part One in a Series Entitled Why High Drug Prices Are Good For You.    Each blog will destroy a commonly held myth about health care costs and the blame people assign to new drugs for total health care spending.    Today we will look at the claim that "health care spending in the United States is rising at an unsustainable rate and faster than in Europe.  Following the example of Jonathan Gruber, I will try to use graphics and images that even someone like me can understand.    Here's the mythbuster Number One





Source: World Health Organization National Health Account database (see http://apps.who.int/nha/database/DataExplorerRegime.aspx for the most recent updates).