Yahoo Finance February 21, 2021
According to Yale University health economist Zachary Cooper, If U.S. health system were a country, it would have the fifth-largest GDP in the world, at more than $3 trillion. The growth of the U.S. health spend every year outstrips inflation and now accounts for 18% of the US’s GDP. What’s more, the the cost of a $400 hospital emergency bill would be impossible for at least 40% of Americans to pay.
High prices and booming out-of-pocket costs have been a focus of legislation at the state and federal levels, as have efforts to create more transparency, but any large-scale reform efforts are likely to be ineffective, according to Cooper.
“There’s not one thing wrong with the U.S. health-care system. There...
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