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U.S. Health Care: Too Much Of A Good Thing?

Author

Listed:
  • Maury R. Randall
  • David Y. Suk
  • Kristin McCarthy

Abstract

This paper provides a critique of the U.S. Health Care system compared to other OECD (Organization for Economic Co-operation and Development) nations and extends the work of previous research in four ways. First, we identify which OECD countries have better longevity outcomes than other OECD nations while devoting a smaller percentage of their GDP (Gross National Product) to generating those results. Second, we examine whether increased levels of government healthcare funding are associated with longer life expectancy. Third, we discuss the question of whether healthcare spending is not being properly measured and the consequences if that is the case. Fourth, we consider the possibility that there might be too much total spending on healthcare in the U.S. and whether such excess spending might be having a negative effect on life expectancy. We conclude that there are many opportunities to successfully improve the U.S. system, lower costs and improve healthcare outcomes.

Suggested Citation

  • Maury R. Randall & David Y. Suk & Kristin McCarthy, 2021. "U.S. Health Care: Too Much Of A Good Thing?," International Journal of Management and Marketing Research, The Institute for Business and Finance Research, vol. 14(1), pages 19-33.
    • Handle: RePEc:ibf:ijmmre:v:14:y:2021:i:1:p:19-33
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    References listed on IDEAS

    as
    1. Papanicolas, Irene & Woskie, Liana R. & Jha, Ashish K., 2018. "Health care spending in the United States and other high-income countries," LSE Research Online Documents on Economics 87362, London School of Economics and Political Science, LSE Library.
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    More about this item

    Keywords

    Health Care Expenditure; Life Expectancy; OECD;
    All these keywords.

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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