It’s not pharma that’s driving rising medical costs, it’s hospitals:

https://www.bloomberg.com/features/2025-cancer-drug-markups/

Another contributing factor is that Americans consume a LOT of healthcare, often well past the point of diminishing returns:

“Why conventional wisdom on health care is wrong (a primer)”

https://randomcriticalanalysis.com/why-conventional-wisdom-o...

Finally, basic preventative health care — at least for children — could save more than it costs when we take into account the overall economic effects of poor health outcomes. We should consider making it an entitlement.