Relative income of health personnel. (From Son also Rises.)pic.twitter.com/KU9Sxy3jAu
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Emil do you agree with implication of the title that healthcare in the US is more expensive because US healthcare people make more momey?
That's @RCAFDM's model, is it not? I have no strong opinion on the matter.
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What is? Can't see b/c locked account
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physician pay is multiples of average in most countries. scandi countries probably skew lower than US skews highpic.twitter.com/Jc9xpJIm01
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But are you saying US healthcare being more expensive is caused by private doctors in US being paid more?
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no, total physician remuneration only accounts for about 8% of health expenditures nationally and remuneration delta isn't all that large.
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more broadly, US prices aren't exceptionally ↑ as a fn of GDP/wages/etc. High & rising NHE caused mostly by volumehttps://randomcriticalanalysis.wordpress.com/2017/07/27/health-care-prices-do-not-play-the-role-most-believe/ …
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put differently, if US health workers worked at wage levels seen in, say, Mexico & volume stays the same, sure it'd be cheaper, but +
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that's not realistic given higher overall wage levels. And high health wages or high health prices aren't the reason health accounts for +
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high and rising share of GDP in rich countries like the US.
End of conversation
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