On March 15, 2022,President Biden signed a law allowing for the creation and fundingof the Advanced Research Projects Agency for Health (ARPA-H) within the U.S. Department of Health and Human Services. The agency received $1 billion for fiscal year 2022.
ARPA-H’sstated missionis to“accelerate better health outcomes for everyone by supporting the development of high-impact solutions to society’s most challenging health problems.” So, the federal government is tossing another billion into the black hole that is the American health care system. Okay.
We’re already spending a fortune on healthcare.
Let’s think about this for a minute. The U.S. already spends far more per capita than any other nation in the world. We spend an average of $11,495 per person, per year. Most other First World countries hover between $5000 and $6000. (source)
Health care in the U.S. represented 17.7% of the economy as of…
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