Download Crisis of Abundance: Rethinking How We Pay for Health Care by Arnold Kling PDF

By Arnold Kling

America's well-being care problems stem principally from a good luck: glossy medication can do even more this present day than long ago. the matter is the way to pay for it. In effortless to appreciate prose, MIT-trained economist Arnold Kling explains larger methods of financing well-being care by means of depending much less on govt and extra on inner most mark downs and assurance. A must-read for wellbeing and fitness care reformers.

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Extra info for Crisis of Abundance: Rethinking How We Pay for Health Care

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9 With all of these factors affecting longevity, it seems brave to read much into differences in national averages. The number and importance of nonmedical factors seem staggering. Genetic and Birth Factors There is strong evidence that both genetic factors and health conditions at birth affect longevity. Immigrants tend to share the longevity of their ethnic origin, rather than automatically acquiring the longevity of their new country. This should not be surprising, given that genetic factors account for differences in susceptibility to a number of diseases.

Ratio is lower than that of some countries, it is higher than the ratios in other countries where government-provided health care is more widespread. 4 times that spent on people under age 65. 3 The ‘‘natural experiment’’ of using Medicare to pay for health care for those over age 65 in the United States does not reduce the overall cost of health care for that group. What this natural experiment suggests is that America’s high rate of health care spending 21 CRISIS OF ABUNDANCE: RETHINKING HOW WE PAY FOR HEALTH CARE reflects our culture and the abundance of resources.

S. GDP devoted to health care was comparable to the share in other OECD countries. Only in the last 25 years has the share of GDP that we devote to health care become a significant outlier. In that period, although health care prices have risen faster than inflation, per capita consumption of real health care services (that is, the value of health care measured in constant dollars, adjusted for higher health care prices) has gone up at least as fast as the relative price of health care services.

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