The United States pays close to twice as much for its drugs, its doctors, its medical equipment as people in other wealthy countries. As a result, our per person health care costs are more than twice the average of other wealthy countries, even though they all enjoy longer life expectancies. If we paid the same amount per person for our health care as people in other wealthy countries, then we would be looking at long-term budget surpluses, not deficits
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Notes to myself, possibly of interest to others.
-- Bill Northlich
Tuesday, July 19, 2011
In a rant-ette at David Brooks, Dean Baker revisits for us the health care issue in a nutshell: