Do we spend too much on health care?

According to my post yesterday, it may seem like the answer is ‘yes’. The US spends by far the most money per person and the largest share of its economy on health care. While cross-country comparisons often grab the headlines, a New England Journal of Medicine Perspective by Katharine Baicker and Amitabh Chandra argues that…

Health Care Expenditures in 2040

According to Health Affairs, the U.S. spent 16.0% of GDP on health expenditures in 2006.  What will we be spending on health care in 2040? Robert Fogel takes a stab at answering this question.  He claims that by 2040, the U.S. will spend 29% of GDP on health care in 2040.   There are four…