Yes, health care is growing non-linearly, and US spending is still well explained by income.| Random Critical Analysis
Prices are not inexplicably high; America spends more because it consumes much more per person.| Random Critical Analysis
Linking to my primer on fundamental misconceptions about health care -- so that it may be discovered by blog readers.| Random Critical Analysis
No, @Noahpinion, we can spend proportionally more on health care and still consume much more of everything else. This is easily explained by relative prices (ultimately productivity).| Random Critical Analysis
US healthcare is NOT an outlier. The slope is consistent with the pattern of diminishing returns elsewhere; obesity, drugs, etc drive down the intercept (mostly)| Random Critical Analysis
Last week, Hubert Biscuit posted a response on Medium questioning the relevance per capita income to national health expenditures. Here’s more on the debate about the source of high US health…| Random Critical Analysis
Austin Frakt and Aaron Carroll recently wrote a piece for the New York Times re-hashing Uwe Reinhardt’s fifteen-year-old argument (“It’s The Prices, Stupid”) that high prices expl…| Random Critical Analysis
As I mentioned in two (long) posts on how comprehensive measures of household consumption or disposable income explain high US national health expenditures (NHE) rather well, I believe US health ex…| Random Critical Analysis