Sunday, November 22, 2009

Chart of the day

Maybe it's something in the water -- or maybe it's the health care system. From the excellent new Cato Institute policy analysis Bending the Productivity Curve: Why America Leads the World in Medical Innovation.

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4 comments:

viince said...

Maybe it's also the NIH and the best private and public (your tax dollars!) universities in the world.

5:19 PM
CVVINCE said...

conversely:

>The U.S. healthcare system wastes between $505 billion and $850 billion every year, the report from Robert Kelley, vice president of healthcare analytics at Thomson Reuters, found.

i imagine that's proportionately lower than Canada, Switzerland, Japan, etc, which also have longer life spans and more efficient, preventative care.

Or "maybe it's the system," eh?

5:20 PM
Colin said...

The NIH unquestionably plays a role.

The fact that our private and public universities -- which are mainly dependent on sources other than the government (The Univ of Virginia for example only gets about 7% of its revenue from the state) lead those of Europe, where the state pays a much larger portion of funding does not favor a greater government role.

5:41 PM
Colin said...

First off, imagining isn't a fact, so I don't know how to argue with this. Second, Switzerland actually has a far more free market approach than is widely thought. Third, the connection between life spans and their system is not at all clear as I have explained before:

http://togetrichisglorious.blogspot.com/2009/05/us-life-expectancy.html

http://togetrichisglorious.blogspot.com/2009/07/more-on-life-expectancy.html

http://togetrichisglorious.blogspot.com/2009/05/life-expectancy.html

5:45 PM

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