1. The U.S. spent about 18% of its GDP on health care annually. The healthcare costs per capita in the U.S. was approximately $11,000 in 2020, almost the twice the average of other wealthy countries.
   1. Please list at least three factors that contributed to the increase in demand for medical goods & services in the U.S.
   2. Please list at least two factors that contributed to the decrease in supply of medical goods & services in the U.S.

Please use the factors you listed above and explain why the prices of medical goods & services are higher in the U.S.?