I have previously written about the cost of health care in the United States. As a society, we spend a lot more than any other “Western” countries with developed economies, regardless of whether one measures health care expenditures as a percentage of GDP or as a per capita figure.
Obviously, the amount of money spent on health care (or anything else, for that matter) depends on both the volume of services – how much stuff is done – and the unit price – how much each activity costs. A lot of attention has been paid (no pun intended) to the former, and with good reason. Continue reading It’s (at Least Partly) the Prices