Review •U.S. health care spending –High –Growing much faster than inflation and GDP •Medical technology and the health insurance system are the two leading catalysts of rising spending. •Hard to change these trends –Temporary or ineffective efforts
Is more better? •Isn’t it a good thing for our society to be spending more resources to the sector that cares for the aged and sick? •How much should our society spend on medical care? –It depends on the value we get in return
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Does the U.S. receive value for the money spent on health care? – Today’s Objective:•International comparison perspective •Consumer sovereignty perspective – Thursday’s Objective:•Perspective of David Cutler: “your money or your life”