Squeezing the Providers, Part 2
International statistics show that the United States spends twice as much on health care per capita as the average OECD country. But are these numbers accurate?
Health care is a sector where normal market forces have been so suppressed that no one ever faces a real price for anything. So, adding over all the transactions produces a total number whose meaning is very unclear.
To make matters worse, other countries do more than we do to shift costs in ways that reduce the cash flow that government has to fund. For example, other countries are more aggressive than we are at suppressing provider incomes (not just doctors, but also nurses, hospital personnel, etc.)
Continue reading at the John Goodman blog.
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