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A Complex Relationship Price / Quality: The Case of the US Health Care System

Author

Listed:
  • Giuliana Campanelli Andreopoulos
  • John Malindretos
  • Alexandros Panayides
  • Alfred Verrios

Abstract

Purpose: The US has the most expensive health care system among the developed countries, however, the higher prices that its citizens pay do not seem associated with a better quality. The scope of this paper is to analyze this complex relation price/quality and recall some important historical events to understand its fragmented system as well as the prohibitive prices of its doctors. Design/Methodology/Approach: Using a graphical analysis on published data we came to a conclusion that the US Health Care System although, it is considered among the most developed systems in the world it needs improvements. Findings: US health care is expensive and inferior to other advanced nations health care. Practical Implications: Expensiveness does not guarantee higher quality in health care. Originality/Value: Analysing the trends in US healthcare providing an explanation for its higher costs based on published data.

Suggested Citation

  • Giuliana Campanelli Andreopoulos & John Malindretos & Alexandros Panayides & Alfred Verrios, 2023. "A Complex Relationship Price / Quality: The Case of the US Health Care System," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 238-254.
    • Handle: RePEc:ers:journl:v:xxvi:y:2023:i:4:p:238-254
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    References listed on IDEAS

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    1. Randall D. Cebul & James B. Rebitzer & Lowell J. Taylor & Mark E. Votruba, 2008. "Organizational Fragmentation and Care Quality in the U.S. Healthcare System," Journal of Economic Perspectives, American Economic Association, vol. 22(4), pages 93-113, Fall.
    2. Mirela Cristea & Eleftherios Thalassinos, 2016. "Private Pension Plans: An Important Component of the Financial Market," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 110-115.
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    More about this item

    Keywords

    Health Care Systems; US economy; Monopoly power of providers.;
    All these keywords.

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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