3 ms·

Is there data that backs up this assertion?

• GFischer 9y ago
  Not sure about data, but medical costs are for the most part inelastic, and concentrated on a small number of patients with expensive conditions. What I DO know from working in insurance is that lifetime medical costs are concentrated in the last 2 years of life (I worked on credit card insurance and life insurance). That's where you could make huge costs savings (but is an ethical landmine, not to mention economic interests) https://www.healthaffairs.org/doi/full/10.1377/hlthaff.2017.0174 https://www.healthaffairs.org/doi/full/10.1377/hlthaff.2017.... https://www.nihcm.org/categories/publications/the-concentration-of-health-care-spending-data-brief?showall=1 https://www.nihcm.org/categories/publications/the-concentrat...