Luxury good model does not seem to explain the high US spending on healthcare. Ignoring Luxembourg and Ireland (tax haven), there's a nice line for increase in GDP to increased %GDP spent on healthcare, but US is way above that line. https://www.healthsystemtracker.org/chart-collection/health-spending-u-s-compare-countries/#item-relative-size-wealth-u-s-spends-disproportionate-amount-health …pic.twitter.com/ZRNuNrzOk5