U.s. Health Care: Too Much of a Good Thing?
Year: 2021
Type: article
Abstract: This paper provides a critique of the U.S. Health Care system compared to other OECD (Organization for Economic Co-operation and Development) nations and extends the work of previous research in four ways. First, we identify which OECD countries have better longevity outcomes than other OECD nations while devoting a smaller percentage of their GDP (Gross National Product) to generating those results. Second, we examine whether increased levels of government healthcare funding are associated with longer life expectancy. Third, we discuss the question of whether healthcare spending is not being properly measured and the consequences if that is the case. Fourth, we consider the possibility that there might be too much total spending on healthcare in the U.S. and whether such excess spending might be having a negative effect on life expectancy. We conclude that there are many opportunities to successfully improve the U.S. system, lower costs and improve healthcare outcomes.
Authors: Maury R. Randall, David Y. Suk, Kristin McCarthy
Language: English
Topic: Global Health Care Issues
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3213671225