Spending on health care is at an all-time high in the rich world. The trouble is that “all-time high” does not necessarily mean “enough” when the population is ageing
described the ideal health-care system. “These hospitals are well supplied with all types of medical equipment and the nurses are sympathetic,” the philosopher wrote in “Utopia”. “Though nobody’s forced to go there, practically everyone would rather be ill in hospitals than at home.”
. They tend to ignore the extent to which pressure is visible across the rich world. Britain’s National Health Service is in a winter crisis like none before, with people who have heart attacks waiting 90 minutes for an ambulance. In Canada things are so bad that a children’s hospital called in the Red Cross. Even in Switzerland, whose health care is often admired, the system is under enormous stress.
Spending on health care is at an all-time high in the rich world. The trouble is that “all-time high” does not necessarily mean “enough”. Ageing populations increase demand. Health-care systems compete for staff with other parts of the economy, so doctors’ and nurses’ wages must keep pace with prevailing rates of pay. Costs rise even if health-care productivity stagnates.
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