Link: Excerpt from Papanicolas, Woskie, and Jha (2018) Question: Why is health care spending in the United States so muc

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Link: Excerpt from Papanicolas, Woskie, and Jha (2018)
Question: Why is health care spending in
the United States so much greater than in other high-income
countries?
Findings: In 2016, the United States spent
nearly twice as much as 10 high-income countries on medical care
and performed less well on many population health outcomes.
Contrary to some explanations for high spending, social spending
and health care utilization in the United States did not differ
substantially from other high-income nations. Prices of labor and
goods, including pharmaceuticals and devices, and administrative
costs appeared to be the main drivers of the differences in
spending.
Meaning: Efforts targeting utilization
alone are unlikely to reduce the growth in health care spending in
the United States; a more concerted effort to reduce prices and
administrative costs is likely needed. (Key Points section, para.
1-3)