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PROLOGUE
Health Spending: An Overview
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As in medicine, excessive U.S. health spending requires an appropriate "differential diagnosis" before attempting possible treatment. Thats the point of papers in the section that follows.
A litany of factors is to blame, the authors conclude. Growth in U.S. incomes has been a major driver. So have advances in technology (although, Sheila Smith and colleagues calculate, by a smaller share than earlier research suggests). The generosity of health insurance coverage, much of it tax-favored, adds fuel to the fire. All of these forces contribute to prices higher in the United States than anywhere else for the vast array of health . . . [Full Text of this Article]

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