This US survey examines (a) Without extension of the expanded public subsidies for Affordable Care Act healthcare plans, there would be a substantial rise in the number of Americans without health insurance; (b) Losses in the health and well-being of Americans who could no longer afford health insurance in the absence of the subsidies would exceed the savings from the expiration; (c) The possible need for subsidies substantially in excess of those initially provided by the ACA indicates that other changes in the healthcare system are needed to enable broad-based access
Keyword: healthcare quality
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This week's IGM Economic Experts Panel Statement:
The US spends roughly 17% of GDP on healthcare, according to the OECD; most European countries spend less than 12% of GDP.
Higher quality-adjusted US healthcare prices contribute relatively more to the extra US spending than does the combination of higher quantity and quality of US care (interpreting quantity and quality to reflect both greater American healthcare needs due to underlying population health and the delivery of more or better healthcare services to Americans).
This week's IGM European Experts Panel statement:
The US spends roughly 17% of GDP on healthcare, according to the OECD; most European countries spend less than 12% of GDP.
Higher quality-adjusted US healthcare prices contribute relatively more to the extra US spending than does the combination of higher quantity and quality of US care (interpreting quantity and quality to reflect both greater American healthcare needs due to underlying population health and the delivery of more or better healthcare services to Americans).
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