We spent on all pharmaceuticals in the United States last year $260 billion.
That means all those vaccinations to prevent diseases, all those pills to treat diseases, all those pills to cure them so we don’t have to treat them anymore. We spent in all branches of all our pharmaceutical suppliers, $260 billion.
How much did we spend in the United States last year on tobacco? $88 billion. That’s a significant piece of 260. How much did we spend last year on alcohol? The government doesn’t subsidize that, you don’t have a right to it, it’s discretionary spending and if you were really in trouble you would probably spend a little less on alcohol. We spent $90 billion.
Last year what did we spend in the United States on soft drinks? $121 billion. Nearly half of what we spend on all of our pharmaceuticals, on soft drinks. I’m not against soft drinks—I think you ought to buy all the soft drinks you want.
Last year what did we spend supporting professional sports? $409 billion.
Dean Kamen, Segway Inventor:
Well, I hate to tell you the news but as soon as medicine started being able to do incredible things that are very expensive, we started rationing.
The reason 100 years ago everyone could afford their healthcare is because healthcare was a doctor giving you some elixir and telling you you’ll be fine. And if it was a cold you would be fine. And if it turns out it was consumption; it was tuberculosis; it was lung cancer—you could still sit there. He’d give you some sympathy, and you’d die. Either way, it’s pretty cheap.