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The United States Health Care System FlashcardsQuizlet  Form

The United States Health Care System FlashcardsQuizlet Form

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Any supporter of the privatization of medical care will probably hear at some point in life that it will inevitably cause all medical services to be as expensive as in the United States. In fact, this argument is not without merit. Americans really do pay a lot for health care. Using the dollar value in 2009 as base, the medical expenses per capita rose in the US from around $1,000 in 1960 to over $8,000 in 2009. These expenditures as a share of GDP increased in the same period from 5% to about 17% of GDP. Some questions, however, remain: How did this happen? Why is medical care so expensive? Did the government hold back from action to have a free shot later at blaming the market for its supposed failures? Is it only because of the fact that the American health care system is simply more sophisticated? Has the already famous Affordable Care Act (commonly known as Obamacare) solved the problem? These questions were addressed by economist Robert P. Murphy, PhD, and Doug McGuff, MD, in th

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