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.


viince said...

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

CVVINCE said...


>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?

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.

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: