Reports from the Economic Front

a blog by Marty Hart-Landsberg

The Need for Health Care Reform

How good is the US health care system?  Here is what the conservative British Economist magazine recently had to say:

America’s health-care system is the costliest in the world, gobbling up about 16% of the country’s economic output. Comparisons with other rich countries and within the United States show that its system is not only growing at an unsustainable pace, but also provides questionable value for money and dubious medical care.

And some people wonder whether we really need major reform?

The market has had its chance, producing high costs and low value for the great majority (although high profits for a powerful minority).  It is time for single payer.

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