Question
Why do we care that health care spending is growing faster than growth in the overall economy as measured by GDP? Support your conclusions with
Why do we care that health care spending is growing faster than growth in the overall economy as measured by GDP? Support your conclusions with evidence.
2) What are the unique characteristics of the health care sector that create inefficiencies in the market? What kind of inefficiencies? Why?
3) In general, what two metrics would you use to evaluate trade-offs of spending more on health care vs. other non-healthcare goods? Why?
4) From a government (policymakers) perspective, apply these two metrics to the current excessive health care spending and explain your conclusions.
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