Single-payer healthcare systems (Canada, UK) create systematic underinvestment in innovation by having strong incentives to stint on spending and limit innovation rather than expand beneficial treatments.
causalpending
Speaker
Tyler CowenEvidence Quote
“if you look at the pure or single single payer systems, Canada or the UK, they're very fiscally strapped. They grossly underinvest. Most of the incentives are to stint and drive down prices and not actually want to see too much innovation. [21:46]”
Created: 8/11/2026, 8:01:31 AM
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