Thursday, October 08, 2009
Everybody knows that the US spends much more on health care than anyone else, without getting better results. Everyone also knows that health spending has outpaced GDP growth everywhere, thanks to medical progress. What I didn�t realize was just how clearly the evidence shows that the rising trend is steepest in the US. We have the biggest increase as well as the highest level. We�re #1!Paul Krugman, 3/28/08.
So here's the question: If we pass Baucuscare, what would happen to the share of GDP devoted to health care? I thought the whole idea was to "bend the curve downward." You won't find that in the CBO report -- that's not their job. How else can we get the unfunded mandates included in the conversation?
Megan McArdle shows that's not the case for Massachusetts. John Lott could add the question "what will this proposal do to cancer survival rates"?