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Linda Ramsey — The US spends twice as much on healthcare as other developed nations and gets worse outcomes — and the reasons why show what it’s going to take to reform healthcare

Summary:
A new review in the Journal of the American Medical Association found that America spends about twice as much as other high-income countries on healthcare.  At the same time, the health outcomes, or how well people fare with their health, aren't any better and are often worse than countries that spend half as much on healthcare as the US does. The study's authors concluded that the main reason the US spends so much has to do with the prices of labor, goods (like pharmaceuticals), and administrative costs — not how often Americans get certain procedures, which was no more than any other country.  Explains the higher cost but not poorer outcomes.Business InsiderThe US spends twice as much on healthcare as other developed nations and gets worse outcomes — and the reasons why show what

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  • At the same time, the health outcomes, or how well people fare with their health, aren't any better and are often worse than countries that spend half as much on healthcare as the US does.
  • The study's authors concluded that the main reason the US spends so much has to do with the prices of labor, goods (like pharmaceuticals), and administrative costs — not how often Americans get certain procedures, which was no more than any other country. 
Explains the higher cost but not poorer outcomes.

Business Insider
The US spends twice as much on healthcare as other developed nations and gets worse outcomes — and the reasons why show what it’s going to take to reform healthcare
Lydia Ramsey

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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