Yes can confirm this is real. I know both German and Dutch nurses who say that the workload is incredibly high. One older nurse also said the pressure today is much higher than years ago.
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Before then, costs tracked inflation.
Health care costs that are not provided "free" by the government have fallen, such as lasik eye surgery.
Drugs were far cheaper before the 1962 FDA Amendments, after that was a massive increase in costs. See "Regulation of Pharmaceutical Innovation" by Sam Peltzman.
https://www.amazon.com/Regulation-Pharmaceutical-Innovation-...
See also:
How American Health Care Killed My Father https://www.theatlantic.com/magazine/archive/2009/09/how-ame...
So, yes, we are worse off because of that, because we wind up with far fewer effective drugs.
A proper solution is for the patient, a legal consenting adult, to sign a piece of paper that says he understands that the FDA has not verified the drug to be effective.