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US healthcare spending is already far higher than anywhere else in the world. It's not a "quantity" problem, it's an "allocation" problem. Too much is allocat
by paulmd 6y ago
US healthcare spending is already far higher than anywhere else in the world. It's not a "quantity" problem, it's an "allocation" problem. Too much is allocated to various middlemen for profit, and generally too much is wasted on care that does not produce good returns in terms of quality-adjusted years-of-life. For example, too much is spent on the elderly and sick, and not enough on maintaining the healthy.
https://en.wikipedia.org/wiki/List_of_countries_by_total_health_expenditure_per_capita#/media/File:OECD_health_expenditure_per_capita_by_country.svg https://en.wikipedia.org/wiki/List_of_countries_by_total_hea...