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).
Keyword: life expectancy
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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).
This week's IGM Economic Experts Panel statements:
A) Without changes in policy, a rising share of people who are over age 65 will exert a substantial downward influence on per capita real GDP in western European countries.
B) In European countries where the share of those over 65 is rising, there are net social benefits to adjusting retirement ages for state-financed (including pay-as-you-go) pension systems upwards, so that revised retirement ages better reflect longer life expectancies.
This week's European Economic Experts Panel statements:
A) Without changes in policy, a rising share of people who are over age 65 will exert a substantial downward influence on per capita real GDP in western European countries.
B) In European countries where the share of those over 65 is rising, there are net social benefits to adjusting retirement ages for state-financed (including pay-as-you-go) pension systems upwards, so that revised retirement ages better reflect longer life expectancies.
This week’s IGM Economic Experts Panel statement:
A market that allows payment for human kidneys should be established on a trial basis to help extend the lives of patients with kidney disease.
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