What Is The US Health Spending Problem?

HKS Affiliated Authors

Otto Eckstein Professor of Applied Economics, FAS

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What Is The US Health Spending Problem? David Cutler, February 14, 2018, Paper, "Is increased spending on medical care harmful to the US economy? The overall share of the gross domestic product spent on medical care is not a problem, provided that the services bought are worth more than their cost. However, high and rising costs expose two often-overlooked problems. First, spending is too high because many dollars are wasted. Estimates suggest that unnecessary medical spending costs the typical American family thousands of dollars each year." Link

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HKS Affiliated Authors

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