A recent report shows that we spend $2.5 trillion dollars per year on health care, by far the most per capita and in aggregate of any nation. So what fantastic effects are we getting for this investment? Our average life expectancy is 78.2 years, ranking us 38th in the world, comfortably between Cuba and Portugal. But, hey! At least we’re ahead of Albania! This aggregate spending figure is a rough estimate only, in my opinion. Many health care costs do not include “auxiliary” costs, and this can include pharmaceutical spending. I would think it would be hard to miss a $300 billion spend, … [Read more...] about Health Care Spending
Economics
Soft Skills in Health Care and Business
Since my son will be attending the University of Chicago in the fall, I had the opportunity to sit in on the incoming student forum. This is a high powered academic liberal arts college with several heavy duty graduate programs. The first two sessions were about pre-med and business/economics. By the way, they don’t actually call it pre-med anymore, now it’s pre-health. The department chair elaborated that many of the students use the undergraduate education to go into other health fields, such as dentistry or veterinary medicine. Nothing about chiropractic education, but that’s a topic for … [Read more...] about Soft Skills in Health Care and Business