Tuesday, April 15, 2008

Why is health care so expensive?

Because supply induces demand:
Where more alternatives are available, costs tend to be higher -- adding to the growing evidence that the supply of health care drives its use...
Total U.S. health-care spending rose to about $2.1 trillion in 2006, and hospital care made up the single largest chunk of that at $648 billion, or 31%, according to federal figures.

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