Chart of the Day
Posted at 11:45 a.m. on Jan. 25, 2013
– Chart comparing the amount of private health care spending per person in the US and other developed countries, via Ezra Klein.
“The American health-care system is simply uniquely inefficient… The reason we spend so much more is largely because our prices are higher, and by leaving private insurers and medical providers in charge of deciding prices.”
“The argument you’d get for leaving prices in the hands of the private sector is that you get a much better product with much more innovation, much of it cost-saving. That’s clearly not happening in American health care, as America’s care is not, in general, measurably better than that of other nations.