[ExI] the success of socialized medicine

[Stefano Vaj]

On 11 June 2011 04:26, Damien Sullivan <phoenix at ugcs.caltech.edu> wrote:

> The US has lower life expectancy than almost every other rich country,
> while spending nearly twice as much per capita.  Controlling for race
> doesn't change that much.
>

In a societal sense, the fact that a larger fraction of the GDP is spent for
health care services against comparable or inferior results signifies a less
efficient solution, does it not?

That is, unless the idea that the "invisible hand" is always more efficient
than planning is a religious dogma...

--
Stefano Vaj
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