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Where are the Health Care Entrepreneurs?
By Staff Reporters
The high and rapidly rising cost of health care in the U.S. remains a critical issue. High costs burden the federal budget due to the government’s large role in providing health care through the Medicare and Medicaid pro-grams, which jointly make up 40 percent of the total U.S. health care market. High costs also make it difficult for individuals to afford health insurance.
Efficient Benefits
High costs are less of a cause of concern if health care is provided efficiently and generates benefits that exceed its costs. Unfortunately, numerous studies suggest that one-third or more of medical resources is not buying improved health. This translates into over $700 Billion of excess spending in the U.S. each year.
Working Paper
The following paper: Where are the Health Care Entrepreneurs? The Failure of Organizational Innovation in Health Care appeared in the NNBER as Working Paper No.16030].
Assessment
In this paper, researcher David Cutler explores the causes of this inefficiency and the reasons why it has not been eliminated by market forces.
Link: http://papers.nber.org/papers/w16030
Conclusion
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Filed under: Alerts Sign-Up, Funding Basics, Health Law & Policy | Tagged: David Cutler, Health Care Entrepreneurs, healthcare costs, healthcare efficiency, NNBER | 2 Comments »
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