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Opinion: Why conventional analysis on healthcare is wrong

By The Grumpy Economist  
   February 20, 2020

Why does the US spend so much more on health care than other countries? Well, in part because we are a lot richer. We buy a lot of luxury goods. The fit of the line is impressive. So, not mentioned in the original, is the spread of household income on the x axis. Particularly interesting in terms of the call that we should be more like Denmark, it's notable just how much lower household income is in Denmark, and the rest of Europe. Eyballing it, $32,500 per year vs. $48,000 per year.

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