In case you had any doubts about the efficacy of US medical spending…
From UCSC, via Barry Ritholtz.
Friday, January 4, 2008
3 Comments:
MikeInOregon says: As a health care professional, what is the first question you ask a patient?
“Do you have insurance?”
The American insurance-based health-care system destroys market signals. Consumers have little knowledge or concern for costs. The insuror pays it.
Insurers’ statisticians have no problem building in profits around health care provider’s & consumer’s abuse and over consumption.
There is no market equilibrium when there is no market choice. There is a spiral. The most likely result is some kind of Centrally Planned health care or health insurance. The consumer will not benefit from market choice and the system will not improve through innovation.
Scott Gibson says: Here are some other interesting glimpses of U.S. (and other countries’) health statistics — life expectancy vs. spending and more:
http://www.supportingevidence.com/Health/Health_landing.html
Check out ‘Causes of Death vs. CDC Funding.’ You won’t believe it. Also, see the impact of physician and nurse densities on life expectancy.
Scott Gibson
Editor
http://www.supportingevidence.com
‘worth a thousand words’
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to what end? Perhaps like the prevous discussion, Americans are overly focues ion the wrong things. So we have a temrinal cancer patient and can elongate thier life a year or two? Is that progress? Or is that Pharma enrichment?