yup, spending nearly 20% of GDP, more than any other nation, we also have the best technology, the most innovation in medicine... we're subsidizing the rest of the world in medical care, that's why it's expensive here. we develop the drugs and the treatment, and that costs a lot of money. then other countries negotiate prices. there is no incentive to innovate in a socialist system, i have a BA in economics and i remember learning about the, surely Deaton knows...
or maybe he's joined the Krugman school of economics where you just make any shit up.
as for bending the knee to the Chicago school... bullshit.
if we put Milton Friedman in charge, and ACTUALLY followed his policies, we'd be much better off.