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The Economic Cost of the U.S. Health Care System

Author

Listed:
  • Johnson Adari

    (BlueCross BlueShield of Tennessee)

Abstract

The economic cost of the U.S. health care system goes beyond the cost of prescription drugs, doctor office visits and surgical procedures/ medical image tests. The implicit part of the cost includes the global competitiveness that the U.S. loses being an industrialized economy. The high health care costs drive jobs, human capital and technology to countries where wages and health care costs are lower as companies attempt to survive. This holistic perception to health care cost is a precursor to intersystem competition that will yield better quality and efficiency thus lowering the cost of health care in the U.S.

Suggested Citation

  • Johnson Adari, 2005. "The Economic Cost of the U.S. Health Care System," Game Theory and Information 0510003, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpga:0510003
    Note: Type of Document - doc; pages: 2
    as

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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/game/papers/0510/0510003.doc
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    More about this item

    Keywords

    Health economics ; Health insurance; Competition;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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