Why Do Other Rich Nations Spend So Much Less on Healthcare?

Did you know that the United States spends 18% of its GNP on healthcare, more than 50% higher than the Netherlands, who is the second highest spender? Why does the United States spend so much more? The biggest reason is that U.S. healthcare delivers a more expensive mix of services. For example, a much larger proportion of physician visits in the U.S. are to specialists who get higher fees and usually order more high-tech diagnostic and therapeutic procedures than primary care physicians.Read More