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Tuesday, September 9, 2014

Other Countries Spend Less On Healthcare Than The United States. How? Why?

How and why other countries spend less on health care than we do. "We spend far more than other countries on everything from hospital stays to MRIs to prescriptions to end-of-life care. It’s also the case that private-sector spending makes up a much larger share of health spending here than it does in other advanced economies....The U.S. position in the figure — highest on health spending/GDP; lowest on public share —presents us with the very picture of an outlier. Correlation not being causation, you are within your rights to argue that this doesn’t prove that more private sector means less efficient health care. It could be that people here demand more health care than in those other economies." Jared Bernstein in The Washington Post


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